ISLAMABAD
Islamabad Chamber  has called upon the government to exempt local manufacturers of LED lighting solutions from duties and GST in the forthcoming budget, which will bring down prices of LED products, increase their usage, reduce electricity bills of consumers and save sufficient energy.
Shaban Khalid, President ICCI, said the government should give zero rated concession to local manufacturers of LED based lighting products because these products are 60 percent energy efficient as compared to traditional energy solutions and have 5 times more life span.  He also said that the less efficient energy saving bulbs/lights are enjoying the benefit of zero tax and zero duty on import whereas the more efficient and advanced LED products are still being deprived of such concessions. He said LED lighting products are also eco-friendly as they are mercury & lead free and cause less solid waste.  Hesaid giving exemption to local LED manufacturers from GST and duties in budget will produce multiple benefits as it will facilitate local industry to flourish, reduce energy crisis, offer more than 60 percent savings in electricity cost, create employment, save lot of foreign exchange and generate more economic activities.