LAHORE – The Rice Exporters Association of Pakistan has expressed disappointment over the step motherly treatment of the government with the rice export industry, the second largest earner of more than $2.2 billion foreign exchange, as this sector has completely been neglected in the federal budget 2016-17, which is very disappointing while every other sector has been given incentives.
Chief patron Abdul Rahim Janoo, REAP Chairman Ch.Muhammad Shafique and senior vice chairman Noman Ahmed Shaikh, in a joint statement said that REAP had sent many recommendations for the enhancement of rice export trade, which were not considered by the federal government.
Even one very important suggestion of One Window Operation for the collection of all taxes was ignored, he added.
REAP chairman Ch Shafique said that despite very challenging circumstances for the last couple of years, rice exporters are putting their untiring efforts for the growth of country’s economy.
Various government departments, such as FBR, EOBI, Market Committee, Social Security, WWF etc are harassing rice exporters and unnecessary amounts are demanded.
He said that sales tax refund claims of rice exporters are also pending since long, requesting the government to pay back them at the earliest.
Ch Shafique added that we have already requested the Prime Minister and Federal Finance Minister to declare rice export sector as a separate industry and include this sector in zero rated regime.
Rice export is the 2nd largest source of foreign exchange earnings, but it is very amazing that other four zero rated export sectors which are even less than a billion are included in zero rated regime, but rice export sector is not bothered to be granted this status.
It will dishearten the rice exporters, who are working day and night for the betterment of export for our country, he added.
REAP chairman requested the Prime Minister and Federal Finance Minister to take urgent steps for the survival of this very import sector and announce to declare this sector also as zero rated, so that dream of achieving $ 4 billion by 2018 may come true.
Source: The Nation