High taxes a hurdle to poultry sector growth
Industry player highlights issues including unfavourable environment
LAHORE:
Pakistan’s poultry processing industry can tap the international market provided its prices are brought down by compensating against the taxes and duties being paid on ingredients and medicines imported by feed millers for the manufacturing of feed.
Currently, exports are haphazard and negligible as the industry is uncompetitive as compared to Brazil.
“We are 20-25% more expensive than Brazilian products,” said Salman Tariq, Director of a leading poultry processing unit while talking to representatives of the Agricultural Journalists Association.
“Regulatory environment is not conducive at all and we have been in discussion with the Ministry of Commerce and the Trade Development Authority of Pakistan (TDAP) for devising a strategy with the poultry processors for the provision of subsidy so that we become competitive with the Brazilian products in Gul