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Remove RD on import of yarn demands PYMA

While drawing attention of Miftah Ismail, Advisor to the Prime Minister on Finance, Revenue and Economic Affairs, Pakistan Yarn Merchants Association (PYMA), has again demanded removal of regulatory duty imposed on import of yarn. Central chairman PYMA , Khurshid A Shaikh, Zonal Chairman Muhammad Aslam Moten and zonal vice-chairman Muhammad Khalid Gader have expressed their pleasure and satisfaction over appointment of Miftah Ismail as the new Advisor for Finance. Therefore, with a background of remarkable achievement, he must implement his decisions for enhancement of commercial and industrial activities.

PYMA office-bearers, while expressing their deep concern over hurdles in imports of yarn and continuous increase in production cost in the textile industry, stated that by removing regulatory duty, the government may play a vital role in supply of cheap raw material to textile industry. PYMA office bearers have requested Ismail to bring all stakeholders on board for improvement of economical and financial policies in order to prepare effective policies for removal of issues and problems faced by related industry. They stressed upon government that by broadening tax net and reduction in corruption, economical stability and business enhancement may be achieved and national economy will be saved from collapse.