LAHORE: Pakistan Carpet Manufacturers and Exporters Association (PCMAEA) senior vice chairman Riaz Ahmed said in a statement on Sunday that the government should immediately start consultations on the proposed finance bill prepared for the budget for the next financial year and seek suggestions.
Ahmed said the more the government promotes consultation with stakeholders, the more positive the results would be generated for the economy.
He further said the government should take into account the conditions of the IMF and the possible steps to be taken to meet them. Riaz Ahmed said that according to reports, the government has prepared documents for the proposed finance bill for the next financial year, so now it is necessary to share it with stakeholders and seek suggestions on it.
He said under the current circumstances, no industry can afford to bear the burden of more taxes; therefore, there is dire need of reducing tax rates besides giving relief packages to exporters.
He demanded that the government should remove obstacles to the export of handmade carpets and in particular, the SBP should refrain from creating unwarranted complications so that Pakistani exporters maintain their credibility with foreign buyers.