The Lahore Chamber of Commerce & Industry has urged the government to continue zero-rating regime for five zero rating export sectors otherwise country would be facing heavy drop in exports.*
*The LCCI President Almas Hyder, Senior Vice President Khawaja Shahzad Nasir and Vice President Faheem-ur-Rehman Saigal said that discontinuation of zero rating status will result in disaster of export oriented industries that will lead foreign exchange loss, unemployment and cut in the revenues of the government.*
*They said that government should not mull withdrawal of zero-rating regime for textiles, leather, carpets, surgical instruments and sports goods as major part of exports is associated with these sectors.
They said that five-zero rating sectors ar documented and contributing around 70% of total exports and 50% in employment.