Pakistan, June 25 -- Shahid Vaseem, Chairman Pakistan Chemicals & Dyes Merchants Association (PCDMA), point out that discriminatory behavior of FBR is causing heavy loss to exchequer, as imports of raw materials by industrial importers are given a favorable treatment compared to import of raw materials by COMMERCIAL IMPORTERS. It is estimated that the loss may extend to 50 billion rupees per annum.

Chairman PCDMA Said, This inequality in taxes attract unscrupulous person to import raw material in the grab of industrial importers and sell it in the open market. Therefore, destroying the legitimate business of COMMERCIAL IMPORTER, as their import cost is higher than the cost of industrial importers. The closed industrial units and many uni...