Daily Times

ISLAMABAD: The Islamabad Chamber of Small Traders on Wednesday lauded the government for discouraging unnecessary imports which will encourage local producers.

The decision to slap additional duties on inessential imports will reduce the loss of foreign exchange while promoting local production, provide employment and generate additional revenue, it said.

The decision of the government to discourage imports of needless items will reduce trade deficit which has touched alarming proportions, said Patron Islamabad Chamber of Small Traders Shahid Rasheed Butt.

He said that duties should be increased on various items to discourage pointless imports of food items and luxuries.

Duty on import of fish should be revised to thirty percent from the current twenty-five percent, he demanded.

Shahid Rasheed Butt said that regulatory duty on yoghurt, cheese, honey and other dairy products should also be revised upward.

Published in Daily Times, June 29th, 2017.