ISLAMABAD: Small industries have expressed concern over concessions given to foreign companies under the China-Pakistan Economic Corridor (CPEC) and free-trade agreements with different countries.

In a meeting with a senior official of the Ministry of Industries on Friday, local manufacturers under the aegis of the Organisation for Advancement and Safeguard of Industrial Sector (Oasis) noted that CPEC was also posing new challenges for the domestic industry in Pakistan.

“The Chinese industry has achieved economies of scale over the years, primarily due to their huge domestic market, industry-friendly policies and multiple incentives by the government,” Oasis Executive Director Atif Iqbal told the media after the meeting.

Oasis believed that the CPEC could only be beneficial for Pakistan if the country’s exports were boosted through this mega trade route.

Mr Iqbal added that Oasis has also requested the Federal Board of Revenue and the National Tariff Commission (NTC) to adopt measures against unfair trade to safeguard interests of the indigenous industry.

One issue regarding imports from China was under-invoicing, and the authorities on both sides should set up an online system for data exchange as soon as possible, he said.

“Oasis has also requested the NTC to be vigilant and take immediate cognisance of unfair trade practices like dumping,” he said, adding that priorities should be set by considering interest of the local industry and then borders for free trade could be opened up.

The organisation has been pushing for the protection of small and medium sized industries and has also criticised large-scale manufacturers for ignoring their rights.

Published in Dawn, November 12th, 2016

Most Popular

01

02

03

04

05

06

07

08

09

Opinion

A decade of change & stagnation
Updated 20 Sep 2021

A decade of change & stagnation

Over a decade, three more women out of 100 aged between 19 and 39 have acquired college degrees, compared to only two more men.
All about life
Updated 20 Sep 2021

All about life

There is no shortage of issues on which the Single National Curriculum has stirred controversy.
‘Honourable men’
20 Sep 2021

‘Honourable men’

Is it ambition to support our athletes only after they bring us glory?
Concerns of proxy wars
Updated 19 Sep 2021

Concerns of proxy wars

A lobby in the US favours a plan for proxy warfare so that America can sustain its global influence.

Editorial

20 Sep 2021

Banking for women

AS the old adage goes, the proof of the pudding is in the eating. How far the new State Bank initiative —...
Off the red list
Updated 20 Sep 2021

Off the red list

There are aspects of coronavirus management, especially by developed nations towards those less so, that smack of discrimination.
20 Sep 2021

Exciting frontiers

HISTORY was made on Wednesday at the Kennedy Space Centre in Cape Canaveral. It was not the launch of the first, or...
Talking to the Taliban
Updated 19 Sep 2021

Talking to the Taliban

PRIME Minister Imran Khan has announced that he has started a dialogue with the Taliban for the formation of a...
New Zealand’s departure
Updated 19 Sep 2021

New Zealand’s departure

THERE was chaos and despair when New Zealand decided to call off their tour of Pakistan barely minutes before the...
19 Sep 2021

Crucial polio campaign

THE national vaccination campaign that kicked off in Khyber Pakhtunkhwa on Friday is being described by experts as...