Tuesday, March 2, 2010

Revision of ATT urged for benefit of industry


At a meeting of National Engineering Exports Development Strategy (Needs) held on Monday, the representatives of the engineering sector said that smuggling of goods from Afghanistan was damaging the local industry and causing deterioration of engineering base in the country. It was observed that Pakistan needed to protect its industrial base to enhance exports and reduce dependence on imports.

The meeting decided that government should identify procedural issues in ATT and proposed measures for making the trade with Afghanistan more transparent.

It was also recommended to undertake collective efforts by involving commercial counsellors and TDAP for support in marketing, including warehousing, and brand development.

The meeting observed that Pakistan can benefit from export of light engineering to Afghanistan, but the procedure and processes were highly complicated.

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