Even now, the government has not provided any details to PAAPAM
as to what is t nature and quantum of tariff reduction proposed Planning Commission.
delegates assured the minister that his concerns would be addressed soon.
Under the umbrella of project Espire, PAAPAM
together with Bfz gGmbH, will enhance the capabilities of auto parts manufacturers through a series of workshops and trainings.
SVC observed that industry expected the government to keep the tax regime stable for tractor industry to enable it for long-term planning.
He said the Regulatory Duty on various steel materials mainly used by PAAPAM
members should also be withdrawn, as the large re-rolling steel mills and other sectors like fan and other electrical goods industries have been exempted from the RD.
SVC urged the government to keep the tax regime stable for tractor industry to enable it for long-term planning.
He said that PAAPAM
wants an auto policy to be formed in a way to strategize export of auto parts and vehicles in addition to growth of auto industry domestically.
The Minister, on this occasion, distributed First PAAPAM
's Exports Trophy awards to PAAPAM
Chairman Munir Bana said that this practice will badly hurt the exports of Auto Engineering sector which otherwise has a strong potential.
He said the Economic Coordination Committee (ECC) had considered various proposals of the PAAPAM
which reflected a investor friendly vision of the government.
vice chairman Usman Malik pointed out that the CCP should know that business environment in Pakistan at the moment are confronted with hours of power loadshedding, weeks without natural gas and extremely bad law and order situation.
It is learnt that PAAPAM
and EDB are of the view that unless the deletion programmes are revised and checks introduced, the prices of automobiles in Pakistan would continue to be much higher as compared with similar models elsewhere.