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Govt loses billions on tyre import


Govt loses billions on tyre import
Business
April 30, 2021
KARACHI: The under-invoicing of tyres is causing the government a loss of billions of rupees annually, a statement said on Thursday.
The unrealistic import trade price along with large-scale smuggling are the biggest obstacles to investment in the local tyre industry, it added.
Industry sources said the annual consumption of tyres in Pakistan is 10 million, of which 20 percent consumption is met by locally-manufactured tyres, while 15 percent of tyres are imported.
The remaining 65 percent of the demand is met by smuggled tyres. Chinese tyres dominate the Pakistani tyre market and accounted for 80 percent of the imports. It is to be estimated, these tyres are up to 25 percent under-invoiced. ....

Hussain Kuli Khan , Rubber Company , Kuli Khan , General Tyre , ஹுசைன் குலி காந் , ரப்பர் நிறுவனம் , குலி காந் , ஜநரல் சக்கரம் ,

Tyre-makers demand Afghan transit trade loopholes plugged


Business
April 15, 2021
KARACHI: Local tyre-makers believe Afghan Transit Trade Agreement (ATTA) is being misused and to stop that institution of a joint commission comprising officials from both sides is imperative, an industry official said on Wednesday.
“This will also facilitate the Afghan government to import some items which are not in the prohibited items or negative list as defined in the agreement but unfortunately the channel was badly misused,” said Hussain Kuli Khan, Chief Executive General Tyre, in a statement.
Khan said that ATTA, signed in 1965, had many loopholes and it was a known fact that through these cracks the bulk of smuggling activities were carried out. ....

Hussain Kuli Khan , Afghan Transit Trade Agreement , Chief Executive General Tyre , General Tyre , Federal Board , ஹுசைன் குலி காந் , ஜநரல் சக்கரம் , கூட்டாட்சியின் பலகை ,

Tyre Manufacturers Complain About Smuggling Through Pak-Afghan Border

Tyre Manufacturers Complain About Smuggling Through Pak-Afghan Border
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