Riaz Khan,
ISLAMABAD ( WNAM REPORT): President of the Islamabad Tyres Association (ITA), has termed the government’s import policies as major obstacles to business activities, stating that complex regulations, frequent changes, and unclear conditions are severely affecting the business environment. He said that local production of tyres is insufficient to meet the country’s requirements; therefore, unnecessary restrictions on imports are proving harmful to both the economy and the transport sector.
He pointed out that the increase in import duties, lengthy clearance procedures, and a complicated NOC system have caused an extraordinary rise in costs. Riaz Khan added that inconsistency in import policies is not only discouraging investment but is also increasing the risk of a shortage of tyres in the market. He further said that delays in import permits and the holding up of consignments at ports are causing financial losses to traders, while consumers are being forced to purchase tyres at higher prices. He demanded that the government hold consultations with stakeholders on import policies, create a balance in duties and taxes, and simplify the clearance process.
