NA body for win-win solution on zero-rated regime issue

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ISLAMABAD, Jun 25 (APP):The National Assembly’s Standing Committee on Commerce and Textile Tuesday advised the Commerce Ministry to find some win-win solution of the issue related to zero-rated regime of five export-oriented sectors.

The meeting of the committee was chaired by Syed Naveed Qamar while among others it was attended by committee members and officials from Ministry of Commerce.

After listening to the representatives of five zero-rated exports-oriented sectors and the stance of commerce ministry, Naveed Qamar advised Advisor to Prime Minister on Commerce and Textile, Razzak Dawood to find some middle ground that would be beneficial for both government and Industry.

He said that a solution should be suggested keeping in view to help continue growth and stability and also facilitate textile sector.

Earlier, the representatives of five zero-rated exports-oriented sectors, the committee about the implication of eliminating zero rated regime for these export sectors.

These representatives pleaded for continuing zero-rated tax regime for these sectors, including textile, leather, sport goods, surgical and carpets.