Federal Minister for Commerce Khurram Dastagir Khan said that current trade policy framework is focusing on value addition and standardization. We are trying that maximum Pakistani companies get export certificate so that they can participate in Expo 2020, which is being held in Dubai, UAE. Previous trade policy was not implemented due to lack of resources. New trade policy forms will be uploaded on website. This meeting was held at (KATI) Korangi Association of Trade and industry.
Khurram Dastagir added new relief funds directly transfer into accounts through State Bank of Pakistan (SBP). New export promotion package and trade policy framework will be announced soon on behalf of the Prime minister. He also said that shortage of energy and other problems will be solved till 2017.
Interest rate should be low as it will directly impact on business and industrial sectors. The situation of Karachi is going toward betterment. Police & Rangers did an outstanding performance that’s why public is making their vision for 2025.
Karachi to Lahore motor way project will be completed by June 2018. It will be helpful to solve the business and industrial sector problems. He told we have to solve business issues on urgent basis. We want to upgrade local companies to an international standard. Moreover around 200 groups of companies are not paying the income taxes on yearly basis. If this situation is constant we are unable to solve the business issues.
Karachi Chamber of Commerce and Industry (KCCI) should hold seminar to aware companies the importance of income tax in the eyes of government and benefit of paying income tax.
By Talha Pasha