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Local tyre manufacturers not consulted for ITP Valuation

Pakistan’s tyre industry expressed concern about not being consulted on recently issued ITP valuations VR-1958 & VR-1959 dated 17-1-2025. “As a local tyre producer and one of the major stakeholders in the industry, we wish to highlight that in light of the recent ITP valuation, we were unfortunately not consulted.

“This lack of consultation is concerning and undermines the contributions of local manufacturers,” stated Hussain Kuli Khan, Chief Executive Officer/MD of GTR, in a letter to the Director General of Customs Valuation.

He mentioned that the local tyre industry could fulfil the country’s tyre demand as we produce 80% of the sizes in demand, meeting the strict quality requirements of original equipment manufacturers (OEMs) and supplying tyres to the replacement market.

“This contributes significantly to saving foreign exchange, creating employment, and increasing tax revenue for the government exchequer,” reasoned Hussain.

He added that, as a local tyre manufacturer, our input is also vital in setting up ITP values, and your good office [Customs Valuation] used to invite GTR and other stakeholders.

“But unfortunately, we were not contacted in the last two valuation meetings. We strongly urge you to take us in confidence and ensure that our feedback is also considered during such meetings,” said Hussain.

He requested that the DG Customs Valuation arrange a meeting to discuss our perspective and take appropriate action to support the local tyre industry.

It is pertinent to mention that GTR is Pakistan’s largest local tyre manufacturer. Established in 1964, it has produced tyres of international quality standards.

The GTR’s product range includes automotive tyres such as passenger car/SUV radials, light truck radial, truck bus, tractor, motorcycle and Off-the-Road (OTR) applications.

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