KARACHI
\nChairman of the Pakistan Chemicals & Dyes Merchants Association (PCDMA), Salim Valimuhammad, has expressed disappointment over the Federal Budget 2026-27, stating that the government has ignored key proposals submitted by commercial importers and failed to address longstanding concerns of the trading community.
\nIn a statement, he said the association had strongly advocated the abolition of the Export Facilitation Scheme (EFS), but the government chose to retain the scheme without introducing safeguards against its misuse. According to him, the continuation of EFS will further widen the disparity between industrial and commercial importers.
\nSalim Valimuhammad pointed out that a significant number of goods imported under industrial concessions are allegedly finding their way into the open market.
\nHe said certain importers use industrial status to bring in raw materials and other products under preferential treatment and subsequently sell them commercially, creating unfair competition for legitimate commercial importers who pay full customs duties and taxes.
\n\u201cThis practice not only causes substantial financial losses to commercial importers but also deprives the national exchequer of much-needed revenue,\u201d he said.
\nThe PCDMA chairman maintained that while commercial importers are required to comply with all tax and duty obligations, industrial importers benefiting from various exemptions and concessions often operate without adequate oversight. He stressed that the absence of an effective monitoring mechanism allows misuse of facilities intended solely for industrial production.
\nCommenting on the budget\u2019s tax measures, he said relief had been extended to the salaried class, but the broader business community and trading sector had received little to no meaningful support. He noted that high tax rates and the overall tax burden on businesses remain largely unchanged.
\n\u201cThe budget is not attractive for traders and does not provide the incentives required to stimulate commercial activity,\u201d he remarked.
\nSalim Valimuhammad urged the government to establish a robust system of checks and balances for industrial imports to ensure that concessionary schemes are used strictly for their intended purpose. He emphasized that providing equal opportunities and a level playing field for all stakeholders is essential for sustainable economic growth.
\nHe warned that unless the government addresses market distortions, tax disparities and misuse of import concessions, the commercial importing sector will continue to face mounting challenges, with adverse consequences for business activity, tax collection and the broader economy.<\/p>\n","protected":false},"excerpt":{"rendered":"
KARACHI Chairman of the Pakistan Chemicals & Dyes Merchants Association (PCDMA), Salim Valimuhammad, has expressed disappointment over the Federal Budget 2026-27, stating that the government has ignored key proposals submitted by commercial importers and failed to address longstanding concerns of the trading community. In a statement, he said the association had strongly advocated the abolition […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-551175","post","type-post","status-publish","format-standard","category-business"],"yoast_head":"\n