FPCCI President Mian Nasser Hyatt Maggo has appreciated the ease of trade initiatives by the government of PM Imran Khan.
\nHe added that these initiatives have the potential to create a friendly trade promotion environment. Resultantly, Pakistan has been recognized as one of the most proactive countries in the region which is promoting regional trade through radical changes in its trade policies through pragmatic initiatives, facilitative measures and support mechanisms.
\nMaggo has, however, pointed out a few impediments by vested interests and troublemakers that can jeopardize the initiatives; which will not be in the national interest, if not addressed in a timely manner.
\nFPCCI proposes an amendment in the tax laws should be introduced enabling the companies to provisionally settle their taxation and customs disputes through furnishing corporate guarantees to the government; instead of bank guarantees or pay orders. It is pertinent to note that the above proposal has been welcomed by Senate\u2019s Committee on Finance; and, as well as, the traders\u2019 community across Pakistan.
\nMaggo also applauded the Authorized Economic Operators (AEO) program for its potential to minimize the cost of doing trade and business through facilitation across all government departments and ministries.
\nAEO program will also help Pakistani traders to compete with regional and international players in the global markets though focusing their energies on their trade activities; rather than dealing with regulatory authorities all the time, he added.
\nEnds\/Online <\/p>\n","protected":false},"excerpt":{"rendered":"
FPCCI President Mian Nasser Hyatt Maggo has appreciated the ease of trade initiatives by the government of PM Imran Khan. He added that these initiatives have the potential to create a friendly trade promotion environment. Resultantly, Pakistan has been recognized as one of the most proactive countries in the region which is promoting regional trade […]<\/p>\n","protected":false},"author":2,"featured_media":213360,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[53,222,1828,174],"class_list":{"0":"post-233632","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business","8":"tag-fpcci","9":"tag-government","10":"tag-mian-nasser-hyatt-maggo","11":"tag-trade"},"yoast_head":"\n