A delegation of Pakistan Tanners Association (PTA) met President of Pakistan to apprise him about the development of leather industry has so far achieved and pinpoints the problems faced by the industry.
The delegation was headed by Sheikh M. Afzal Hussain, Chairman, PTA and others during meeting with President of Pakistan, Dr. Arif Alvi, highlighted core issues confronting by PTA’s members / leather Sector of Pakistan, which needs mandatory to be addressed for prompt redressal to provide level playing field to this vital industry of the country in comparison with the neighbor competing countries like India, Bangladesh & China to make our members motivate with facilitation for playing their pivotal role continuously for the promotion of exports of leather sector of Pakistan.
The delegation found the Honourable President of Pakistan was so humble, kind & committed and heard all the grievances/issues being faced by this Industry patiently and assured the delegation to take up the matters with the concerned Ministries like MOF, MOC & FBR strongly for the desired resolution with his recommendation.
Separately, Mr. Afzal Hussain, Chairman, PTA also held important meeting with Chairman, FBR, Mr. Shabbar Zaidi yesterday and discussed all core issues, which are vital & detrimental to leather industry.
During meeting, PTA delegation has requested government for fixing of ceiling/benchmark for the refund of Sales Tax for finished leather. Chairman, FBR informed the delegation that the required ceiling has already been revised and inserted in the FASTER Programme system, which is expected not less than 10% for smooth submission of claims without any hurdle. PTA delegation hoped to resolve this core issue for the refund of sales tax for finished leather with revised benchmark/ceiling re-determined by FBR.
Regarding rates for duty drawback for finished leather for cow, buffalo, sheep & goat skins, it was ensured to PTA’s delegation that the revision of rates would be considered favorably for revision with the same rate already approved by IOCO instead or existing rates.
Withdrawal of SRO # 327, which was revoked recently by FBR, the delegation was also assured to consider it for the required restoration of SRO # 327, which was very hopeful to our members exporters for the import of required raw materials for the Industry for meeting the consumption requirement for export purpose for yielding the sizeable foreign exchange for the country.
Rest of core issues were also discussed in detail with Chairman, FBR such as withdrawal of 2%ACD on import of Cow & Buffalo, acceptance of Indemnity Bond for 17% Sales Tax rather than payment of 7% cash & 10% indemnity Bond for the import of Tanning Machineries for the up gradation of the Industry etc. etc.,
Taking advantage of their presences in Islamabad, the PTA delegation also met with Mr. Usman Dar, Advisor to PM and explained all the grievances of the Industry and he realized the gravity of the matters/situation being related person engaged with Leather Business also and assured the Delegation to take up the issues at his level with the highest Authorities for the resolution.
Caption: Sheikh Afzal Hussain, Chairman, PTA alongwith rest of senior members presenting a Crest to Honourable President of Pakistan, Dr. Arif Alvi during the visit.