Streamlining Bond Structure: Auto Parts Dealers Turn to KCCI for Help – Business & Finance

KARACHI: Delegation from Pakistan Association of Auto Parts Importers and Dealers (PASPIDA) visited Karachi Chamber of Commerce and Industry (KCCI) and requested their support to rationalize tariff structure on auto parts .

Muhammad Ahsan, president of PASPIDA, said the duty on the import of auto parts, which, after adding other charges, hits almost 90%. These onerous duties encourage the smuggling of auto parts into Pakistan, which has made business and market competition extremely difficult for registered companies.

KCCI President Muhammad Idrees pledged to fully support the genuine demands of PASPIDA. He also congratulated Muhammad Ahsan for taking over the presidency of PASPIDA, Sindh Circle.

He said: “After assuming the role of President of KCCI, I and my team constantly strive to solve the problems faced by the business world. He said doing business has become quite difficult due to the volatile dollar-rupee exchange rates; gas, electricity and water crises; customs and fiscal complexities and rising inflation. He said we need to bring some relief and make doing business easier for our business community.

Arshad Islam, Chief Boss PASPIDA, former Senior Vice President of KCCI, thanked the members of the KCCI board for warmly welcoming his delegation. He expressed concern over the exorbitant rates of taxes and tariffs imposed on the importation of auto parts.

Muhammad Idrees also informed the delegation that they have started working on budget proposals. He asked Muhammad Ahsan and Arshad Islam to submit their proposals on behalf of PASPIDA for the next budget and assured to highlight the issues relating to the automotive sector.

Copyright Business Recorder, 2021

Ida M. Morgan