KARACHI - The government is being approached to withdraw 16 per cent sales tax on import of plant and machinery which was arbitrarily imposed and badly affecting industrial sector, this was stated by Patron-in-Chief of Korangi Association of Trade and Industrial (KATI) SM Muneer. Addressing as chief guest at the launch ceremony of Telenor Exclusive Package for KATI at a local hotel, Muneer said that he has already met with FBR Chairman recently and raised the issue and would further hold a meeting with Minister of Finance, Dr Hafeez Shaikh and apprise of the grim situation. He said that no country has imposed taxes or duties on import of machinery as they are not eatables, their import is meant for industrial activities and generate employment opportunities and our country is in dire need of employment opportunities in order to cope with the ever increasing unemployment and the law and order situation. He pointed out that China has reached to the level of $3 trillion export with the robust industrialisation and grew its foreign exchange reserves to $3 trillion while awe are curbing our economy by imposing sales tax on machinery import and begging for dollars from IMF at the cost of our economic sovereignty. Muneer appreciated the gesture of Telenor for providing special package for KATI members and extending special discount to about 25 per cent besides other facilities. He assured the Telenor for a bigger market to its network if the company keeps providing good service to its subscribers. Earlier, the Chairman, KATI Syed Johar Ali Qandhari said that Telenor despite some negative impression, brought $2 billion investment to Pakistan. He said that KATI-Telenor relationship was established some three years ago by former Chairman, Mian Zahid Husain. He said that KATI always strives hard to resolve problems being faced by its members and provide every possible facility to them. He said that SM Muneers bright vision has brought the KATI to this level and made it countrys most progressive industrial association. Former Chairman and President, Pakistan Businessmen and Intellectuals Forum (PBIF), Mian Zahid Husain said on the occasion that our national economy is in dire straits as many crises have cropped up. He said that loadshedding and other utilities crises have forced the investors to shift their industries abroad. He said that governments economic policies have halted industrial growth and due to highest ever interest rate has resulted in Rs500 billion non-performing loans. While appreciating the Telenors gesture he assured that KATI would ensure the after sales service to the subscribers. Telenors Director Sales, Pakistan, Farhan Zakir said in his address that this is first ever exclusive package from Telenor to any trade or industrial body.