KARACHI: President EFP, Ismail Suttar, has strongly recommended the Advisor to Prime Minister on Commerce and Investment, Abdul Razak Dawood, to look into the near-extinct state of the Stationary Industry of Pakistan, due to the prolonged COVID-19 closure of schools.
In a statement, Ismail Suttar has paid homage to all the patriotic industrialists associated with the Stationary Sector for striding along despite the visibly painful hardships.
Meanwhile, Director EFP Ahsan Ullah Khan has said that the situation of the stationery industry was very desperate. “The business is at a standstill and there is no revenue being generated to manage wages anymore,” he added.
Mr. Khan demanded the government to release all outstanding sales and income tax refunds. He further said that grants should be given to companies for the next nine months, based on last year’s audited accounts for support in paying salaries.
“All payments to social security and EOBI obligations should be waived off along with one-year tax relief, capping mark-up at 5 percent and subsidizing electricity and gas by 50 percent for the stationery industry,” he demanded.
