SIALKOT, Sept 3: The Surgical Instruments Manufacturers Association of Pakistan has expressed grave concern over reduction in the industry’s rebate from 1.47 per cent to 0.90 per cent by the Central Board of Revenue.

Speaking to journalists here, SIMA chairman Chaudhry Muhammad Ikram and vice-chairman Sheeraz Safdar rejected the reduction in the surgical industry’s rebate.

They said instead of introducing the zero-rated import tax on surgical industry’s raw material which the CBR had been promising for long, it has tried to axe the export-oriented industry.