LAHORE: Organizers of the 5th Color & Chem Expo have 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.
They made this appeal while talking to media on concluding day of this 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.
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, organizer of Director Event and Conference International Rashid-ul-Haq termed the exhibition as a big boost for Pakistani industry.
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 are about 40 percent overall taxes on these imports resulting halt in exports, he maintained.
China Dyestuff Industry Association Chairman 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 19,700 ton imports from China, he told.
Goverment should give importance to local leather industry as it has huge potential. There are many local brands in Pakistan they are trying to compete with international industries like Vintage Street. New Goverment should give attention to local industries.