Pakistan, June 30 -- The Businessmen Panel (BMP) of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has strongly opposed the federal government's recent decision to reverse tariff cuts on imported industrial raw materials, warning that the move will severely damage domestic industry, accelerate inflation, and weaken the country's already fragile export performance.

In a statement issued on Sunday, BMP Chairman Mian Anjum Nisar criticized the imposition of additional duties on essential raw materials, stating that the policy shift is regressive and anti-industry at a time when the manufacturing sector is already struggling due to high energy costs, interest rates, and policy uncertainty. He said that restoring duties ...