Alliance of Market Associations (AMA) has urged the government to review its liberal trade policy to discourage unchecked imports. In a statement here on Friday, chairman AMA Atiq Mir said that imports have already touched $16.8 billion mark despite a total import target of $19.2 billion for the entire fiscal year.
He said that almost everything was being imported and local manufacturers were unable to compete with them. He said if the foreign goods continue to flood in, the small manufacturers will be forced to close down their units to further increase the unemployment.
Atiq Mir pointed out that Chinese goods have captured 65 percent of the local markets. He urged the government to announce incentives for local manufacturers in the forthcoming budget for their survival against imported merchandise.
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