Imported items: PCDMA chief against imposition of additional RD

Chairman of Pakistan Chemicals and Dyes Merchants Association (PCDMA), Arif Lakhani has urged Federal Commerce Minister and Chairman Federal Board of Revenue (FBR) not to impose any additional regulatory duty on imported items without consultation with all stakeholders. Expressing serious concern over announcement of imposition of Regulatory Duty (RD) on 250 imported items by Ministry of Commerce, he said that this move will obstruct the progress of country, so before going to implement any decision, the ministry and FBR should consult with all stakeholders to avoid any adverse impact on economy of the country and business activities.
He said that imposition of RD on imported industrial raw material and agricultural product will definitely have adverse impact on importing activities, because importers will import limited, due to additional regulatory duty, which increase their value and it also shortage of important items included pulses in the local market.