KARACHI, Dec 3: Central Board of Revenue Chairman Abdullah Yousuf has assured support to the auto sector. This was announced in a statement issued by Indus Motor Company here on Saturday. Indus Motor held its annual vendor convention 2005. Abdullah Yousuf was chief guest on the occasion.
The CBR chief informed vendors and auto OEMs that the government was aware of the problems being faced by the industry after a reduction in import duties. He said the government had acknowledged substantial investment and capacity enhancement undertaken by OEMs and vendors to meet huge demand.
However, keeping in view the macro-scenario and its political responsibility, the government has temporarily reduced import duties to minimize the demand-supply gap, he added. —APP
