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  • Jun 5th, 2016
  • Comments Off on Rice export sector neglected in budget: REAP
Rice Exporters Association of Pakistan (REAP) has strongly reacted to what it said neglecting the rice export sector in the budget 2016-17 which is the 2nd largest earner of foreign exchange. REAP Chief Patron Abdul Rahim Janoo, Chairman Chaudhry Muhammad Shafique and Senior Vice Chairman Noman Ahmed Sheikh in a joint statement reacting to the proposed federal budget 2016-17 termed it very disappointing to neglect a sector which is earning more than US $2.2 billion per annum.

The Association has sent many recommendations for the betterment of rice export trade, which were not considered by the government, even one very important suggestion of One Window Operation for the collection of all taxes is ignored. They further said that despite very challenging circumstances since last couple of years, rice exporters are putting their untiring efforts for the growth of country's economy, various government departments, such as FBR, EOBI, Market Committee, Social Security, WWF etc are harassing rice exporters and unnecessary amounts are demanded, further sales tax refund claims of rice exporters are also pending since long, they also requested Government of Pakistan to pay back them at the earliest.

They added that we have already requested Prime Minister of Pakistan and Federal Finance Minister to declare rice export sector as separate industry and include this sector in Zero rate regime. Rice export is the 2nd largest source of foreign exchange earnings, but it is very amazing that other four zero rated exporters which are even less than a Billion are included in Zero rate regime, but rice export sector is not bothered to be granted this status. It will dishearten the rice exporters, who are working day and night for the betterment of export for our country, they added.

Abdul Rahim Janoo and Chaudhry Muhammad Shafique requested the government to take urgent steps for the survival of this very import sector and announce to declare this sector also in zero rate regime, so that dream of achieving US $4 billion up to the end of 2018 may come true.

Copyright Business Recorder, 2016


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