FAISALABAD. Furniture industry is not only catering to the domestic need but also contributing its role in earning precious foreign exchange through its exports.
Addressing FCCI (Faisalabad Chamber of Commerce & Industry) Standing Committee on Furniture, Chaudhary Talat Mahmood Senior Vice President FCCI said that this sector has gained an edge by encouraging our artisans who are producing innovative and most attractive handmade furniture. He said that Pakistan could earn sizable foreign exchange by enhancing its furniture exports by extending maximum facilities to this sector. He said that FCCI is already trying to facilitate the furniture sector by resolving its core issues and this process will continue with the close collaboration of concerned stakeholders through this standing committee.
Mirza Mohammad Afzal Mughal chairman standing committee said that the furniture subcommittee was constituted about five years ago which has played a major role in identifying its fundamental problems and by taking necessary measures to resolve the same at the appropriate forums. He said that furniture manufacturers must get the membership of FCCI as this platform could play a major role in resolving their ticklish issues. He also appreciated the proactive role of Chiniot furniture association that has also raised a strong voice against the levy of sale tax on this nestling sector.
Vice Chairman Saeed Iqbal said that Chiniot is the main hub of the furniture industry while a sizable number of furniture manufacturers are also working in Gujrat. He said that we are trying to resolve their issues through consensus and with the collaboration of concerned departments.
Mr. Danish Fakhri from Chiniot said that in October 2019 Federal Board of Revenue (FBR) had issued notices to the furniture manufacturers for the mandatory sales tax registration. He said that FCCI intervened and this matter remained pending for the last one and half years. However once again we are receiving show cause notices while some of us have also been fined Rs. 1 million. He said that 6 lacs workers are directly involved in this sector and it will be ruined if such harsh measures were not stopped. He said that the showrooms with an area of two thousand square feet have been forcibly and unilaterally included in the sale tax regime without taking the stakeholders into confidence. He requested FCCI to intervene and only those showrooms with only five thousand square foot may be subjected to the collection of sales tax. He said that sales tax may be brought into single digit for the showroom owners with annual turnover of Rs. 10 million.
Mr. Shahzad Mahmood requested SVP Chaudhary Talat Mahmood to invite a contractor of Parks & Horticulture Authority (PHA) to FCCI to resolve the issue of board tax.
Later the meeting condoled over the death of Mr. Dildar Ahmad and offered Fateh for the departed soul.
The meeting was also attended by Saeed Iqbal, Muhammad Javed and Abdul Hameed.