Karachi : A delegation of Pakistan Automobile Spare Parts Importers and Dealers Association (PASPIDA) under the leadership of Arshad Islam visited the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) to congratulate Mian Nasser Hyatt Maggo newly elected President of FPCCI on his success.
The delegation shared its concerns over the current burning issues of taxes, customs duty, and notices from FBR. The complex tax structure is sum up to more than 90% in most cases. The business sector especially importers of automobile items who fulfill the legal requirements suffer the most as the authorities have failed to control the flow of smuggled auto parts in the market. The delegation urged support from FPCCI to contribute in lowering down the multiple taxes and customs duties, it is necessary, for us to compete in the local market.
Mian Nasser Hyatt Maggo President FPCCI stated that we are willing to resolve all the issues of the business community which are long-awaited and had not been taken up due to the constraint of pandemic and lockdown during the last year. He assured the continuous indiscriminate support to all business community and industry.
The meeting suggested FPCCI consider the formation of a centralized committee with the consensus of all shattered associations dealing with automobile parts dealers, importers, and local manufacturers to address the issues of Income-tax, sales tax, and customs. Meeting also suggested the formation of groups under FPCCI to meet with the authorities particularly the National Tax Commission, Customs, Valuation Department, and other relevant departments to address the issues of the automobile parts business sector.
The meeting was attended by Athar Sultan Chawla Vice President FPCCI and the PASPIDA members Muhammad Tufail Soharwardi, Muhammad Idrees, Khalid Magoon, Khalil Feroze, Mujeeb ur Rehman, Jawaid Ilyas, Abdul Wahid, Abdul Razzak, Suleman Amin, Shaikh Muhammad Iqbal, Alamgir Khokhar, Naeem Ahmed and Farid.
Athar Sultan Chawla, Vice President FPCCI while presenting the vote of thanks said that we welcome the worthy suggestion from the participants and expect the written working papers from your side, to work on the genuine issues faced by the automobile parts business sector. He announced every possible effort to protect and promote the business community and industry.