Suspension of tax lauded

LAHORE :The Pakistan FMCG Importers Association (PFIA) has welcomed the suspension of regulatory duty by the Lahore High Court which had been levied on over 400 imported items and said the government should consult the stakeholders for redressing their genuine reservations. PFIA President Anjum Nisar, Patron-in-Chief Naseem Ahmad Chawla, Vice-Chairman Ejaz Tanveer, Nafees Barry and Zeeshan Bakhshi, in a joint statement, said the decision of the government to impose a regulatory duty on different items, including food, dairy and even raw material of some export-oriented industries, was an injustice. They said the duties should be withdrawn completely. They said imposition of new taxes in the shape of regulatory duty would result in price hike of different items.