LANDIKOTAL: Pakistan and Afghanistan joint Chamber of Commerce senior vice president Ziaul Haq Sarhadi rejected the newly imposed Regularity Duty (RD) tax imposed on the 731 import items and said it would further suffer trade with the foreign countries especially neighboring Afghanistan and central Asian countries.
Talking to The media on Wednesday Ziaul Haq Sarhadi said that the government imposed regularity duty tax on various import items that including edibles and none food items being imported via Torkham and other dry-ports in Pakistan. He said that federal government imposed five to 80 percent regularity duty tax on 731 import items that varies from item to item. He said that the prices of dry fruits being imported from Afghanistan. He said it would not only hit blow to the Pakistani business community but it would also badly affect businessmen ties between Pakistan and Afghanistan.
Sarhadi said that the government would generate revenue by leveling Regularity Duty but it would also increase joblessness and will negatively affect the entire business related activities in Pakistan. He urged the government to repeal the tax notification issued the other day and think about the tumbling trade and commerce activities in Pakistan.
Ziaul Haq Sarhadi said they would soon call a meeting of Pakistan and Afghanistan business tycoons in Peshawar to chalk out their future import plan. He said they were also challenge the federal government decision in court. Sarhadi threatened that if the tax was not withdrawn they would raise voice at various forums which was their legal right.