LCCI for continuation of zero-rated regime*

Lahore (Pakistan Point News / Online - 28th May, 2019) The Lahore Chamber of Commerce & Industry has urged thegovernment to continue zero-rating regime for five zero rating exportsectors otherwise country would be facing heavy drop in exports.

**The LCCI President Almas Hyder, Senior Vice President Khawaja ShahzadNasir and Vice President Faheem-ur-Rehman Saigal said that discontinuationof zero rating status will result in disaster of export oriented industriesthat will lead foreign exchange loss, unemployment and cut in the revenuesof the government.

**They said that government should not mull withdrawal of zero-rating regimefor textiles, leather, carpets, surgical instruments and sports goods asmajor part of exports is associated with these sectors. They said thatfive-zero rating sectors ar documented and contributing around 70% of totalexports and 50% in employment.*