Wednesday, September 11, 2013 -
Karachi—Pakistan Steel Manufacturers’ Association (PSMA) has demanded the government
to withdraw tax exemptions from ship-breaking industry to create level-playing
field for all players in the industry.
Taking to journalists, Abbas
Akberali of Amreli Steels Limited and Khalid Khan of Abbas Steel Group, said
that exemptions of a few taxes and duties to the ship-breaking industry and
recent increase in the electricity tariff by Rs5,000 per ton for the
association’s members, have given big advantages to the ship-breaking industry
over members.
“Economic advantages to
ship-breakers make their products cheaper by Rs12,000 to Rs16,000 per ton than
the products made by other players in the industry,” Akberali said.
He said that there is an
agreement between the ship-breakers and other players in the steel industry
that the difference in price of ship-breakers and others’ products will not be
greater than Rs1,200 per ton.
Source:
Pakistan Observer. 12 September 2013
http://pakobserver.net/detailnews.asp?id=217718
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