Mandviwalla assures PCDMA to take up key issues at parliamentary level

Senator Saleem Mandviwalla, Chairman of the Senate Standing Committee on Finance & Revenue, has assured the chemicals & dyes trade that key issues of taxation, import, export facilitation scheme (EFS), and e-invoicing will be addressed at the parliamentary level. He urged business leaders to engage with the government and parliament throughout the year, rather than only during the federal budget.

Mandviwalla advised raising concerns about EFS, the additional three percent tax, and the disparity between commercial importers and industrial concerns consistently. He assured PCDMA Chairman Salim Valimuhammad that the issues raised by the association would be placed on the Senate committee's agenda again. A discussion with the Federal Board of Revenue, Ministry of Finance, and other relevant departments was assured.

Valimuhammad proposed urgent measures to prevent EFS misuse, eliminate tax disparities, and link EFS imports with actual foreign remittances or letters of credit. He also called for a 40 percent limit on EFS imports and annual audits based on an industry’s three-year consumption and export data.