News Paper: Business Recorder
SIALKOT (July 23 2010): President Sialkot Businessmen Forum (SBF) Chaudhry Amjad Ali Cheema said that government was collecting Rs 4 billion as Export Development Fund (EDF) annually. Talking to reporters on Thursday here he said the concept of collecting EDF was to extend financial support to the industrial sector for enhancing export volume of the country, he said.
Amjad Cheema further said it was very unfortunate that industrial sector was not benefited of this fund and most of the fund was being mobilised on Fashion Design Institute and other such projects. The government should stop collecting EDF from the exporters because the exports were not flourishing in the country, he said.
The SBF President also urged upon the government to fix minimum export price of surgical instruments for the protection of surgical industry and issue a notification immediately for the elimination of mutual competition.
The issuance of notification would be supportive in bringing stability and edging out the possibilities of further decrease surgical instrument prices, he said. Furthermore he said the notification would also be supportive in enhancing the export-volume of surgical instruments to one billion dollar annually as well as manufacturers would get rid of mutual-extortion and exporters would be able to export surgical instruments on standard prices.
Amjad Cheema said that surgical industry was exporting 18 crore surgical instruments annually and earning 250 million dollars only adding that it was the result of mutual price war as a result of which we are not getting genuine price of our instruments in international market.
-www.brecorder.com
SIALKOT (July 23 2010): President Sialkot Businessmen Forum (SBF) Chaudhry Amjad Ali Cheema said that government was collecting Rs 4 billion as Export Development Fund (EDF) annually. Talking to reporters on Thursday here he said the concept of collecting EDF was to extend financial support to the industrial sector for enhancing export volume of the country, he said.
Amjad Cheema further said it was very unfortunate that industrial sector was not benefited of this fund and most of the fund was being mobilised on Fashion Design Institute and other such projects. The government should stop collecting EDF from the exporters because the exports were not flourishing in the country, he said.
The SBF President also urged upon the government to fix minimum export price of surgical instruments for the protection of surgical industry and issue a notification immediately for the elimination of mutual competition.
The issuance of notification would be supportive in bringing stability and edging out the possibilities of further decrease surgical instrument prices, he said. Furthermore he said the notification would also be supportive in enhancing the export-volume of surgical instruments to one billion dollar annually as well as manufacturers would get rid of mutual-extortion and exporters would be able to export surgical instruments on standard prices.
Amjad Cheema said that surgical industry was exporting 18 crore surgical instruments annually and earning 250 million dollars only adding that it was the result of mutual price war as a result of which we are not getting genuine price of our instruments in international market.
-www.brecorder.com
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