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Friday March 28, 2025

Local industries

By our correspondents
November 01, 2016

For the economic growth of a country, local industries and manufacturers are encouraged through low tax rates and subsidies, and imports are discouraged by imposing high duty taxes. In Pakistan, the situation is the opposite, low tax is charged on imported goods while local industries and manufacturers are being subjected to high tax rate. This discourages the local industry of the country.

The government should address this issue. Local industries should be given facilities so that they can produce such products that can compete with the imported goods.

Umm-e-Kulsoom Nasir

Karachi