LAHORE– Organizers of the 5th Color & Chem Sunday urged the federal government to also allow zero tax for raw materials of dyes and leather used in one of leading textile sector of Pakistan as it is slowing exports.
They made this appeal while talking to media persons on the concluding day of the exhibition organized by the Event and Conference International with the support of Punjab Dyestuffs & Chemicals Manufacturing Association (PDCMA), Asia Dyestuff Industry Federation (ADIF), China Dyestuff Industry Association and Rainbow Dye-Tech Pvt. Ltd. here at Expo Centre.
The two-day exhibition participated well by the exhibitors concluded on Sunday. Thousands of traders visited the expo each day.
Over 200 companies from China, India, Germany, Turkey, Thailand, Taiwan and other countries participated in this mega event and expressed their satisfaction on response of visitors.
Talking to media persons, organizer Director Event and Conference International Rashid-ul-Haq termed exhibition as a big boost for Pakistani industry saying it is the best platform both for the manufactures and buyers. A number of companies from China and Thailand are eager to start joint ventures with Pakistani partners and we are working to materlize it, he added.
Patron-in-Chief Punjab Dyestuff & Chemicals Manufacturers Association Abdul Rahim Chughtai lauded government for ending non-filers and urged zero tax rates for raw materials of dyes and leather. There is about 40 percent overall taxes on these imports resulting halt in exports, he maintained.
We also request government to suspend SRO 11223. State Bank of Pakistan should also come out to control dollar otherwise investors will flee from Pakistan, he added.
Chairman China Dyestuff Industry Association Mr. Tian told media person that China is the largest exporter of dyes and chemicals. We exported 1.3 million tons raw materials last year and Pakistan was the top third country with 19700 ton imports from China, he told.
“Pakistan is heading to manufacture dyes, which is a good sign and they can be self sufficient in producing it. I have visited Pakistan twice and overwhelmed by the hospitality and response of Pakistanis here. We will try our best to boost these business relations between the two countries”, he concluded.
Earlier on Saturday night, a dinner was hosted in honour of exhibitors by organizers, during which exhibitors were presented with mementos.— PRESS RELEASE
