LAHORE - Pakistan Hardware Merchants Association (PHMA) has called for drastic cut in duties on all industrial raw materials being imported from India to create level-playing field for Pakistani businessmen.

In a statement issued here, the FPCCI Managing Committee Member and former PHMA Chairman Sardar Usman Ghani said that unless and until the duties on all industrial raw materials are not curtailed to zero and rate of markup is not brought at par with India, Pakistani businessmen would not be able to cope with influx of Indian goods in post-MFN scenario.

He said that Pakistani merchandise would not be able to compete with Indian goods in the presence of high duty structure and high markup. He said an acute shortage of electricity, gas, bad law and order situation and unavailability of skilled manpower had already broken the back of the business community.

He said that government should eliminate duties and taxes on raw material being imported from India immediately as Pakistan has already lost a huge part of the international market to its competitors and any further delay would further aggravate the situation.