KCCI for cut in import duty on milk powder by 15 %.
KARACHI -- President of the Karachi Chamber of Commerce and Industry (KCCI), Iftikhar Ahmed Vohra, supporting the demand of milk powder importers and processors, urged the government to announce cut in import duty on powder milk.
He said 25 % tax on skimmed milk, whey milk and fat filled milk be reduced to 15 percent in the annual budget for fiscal year 2015-16, said KCCI statement here on Monday.
Exchanging views with a delegation of milk power importers and processors (MPIP) led by former president KCCI, M.Haroon Agar and Iftikhar Vohra contended that the Government should accept the MPIPs demand to bring down the prices of this important household commodity to provide relief to the masses who are already overburdened because of the inflation.
He was of the opinion that besides providing relief to the masses, the reduction in import duty of skimmed milk, whey milk and fat-filled milk would also help in dealing with smugglers who use illegal channels including the Afghan Transit Trade to supply this household product in the Pakistani markets.
Smuggling of this essential commodity not only allows the undocumented economy to flourish but also causes severe losses to the national exchequer, he added.
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|Publication:||The Frontier Star (Northwest Frontier Province, Pakistan)|
|Date:||Jun 2, 2015|
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