Karachi, March 16, 2024 – The Salt Manufacturers Association of Pakistan (SMAP) has issued a fervent appeal to the newly elected government, urging for the lifting of the ban on salt trade with India.
In a statement released on Saturday, the SMAP welcomed the new administration and expressed hope for positive changes, particularly in addressing longstanding issues surrounding the salt industry.
Qasim Yaqoob Paracha, Chairman of SMAP, highlighted the critical importance of the salt trade to Pakistan’s economy, emphasizing the challenges it has faced in recent years. Chief among these challenges is the ban on trade with India, which has led to diminished revenue for Pakistani salt manufacturers, disrupted trade routes, and decreased profitability within the sector.
Moreover, Paracha underscored the burden of high taxes on salt materials imported from abroad, which have inflated production costs and undermined the competitiveness of Pakistani salt products in the global market.
According to Mr. Paracha, “The hurdles confronting the salt trade industry are complex and demand urgent attention and collaborative action from both the government and industry stakeholders. By lifting the ban on trade with India and reducing taxes on imported salt materials, the government can play a pivotal role in revitalizing the sector, stimulating economic growth, and generating employment opportunities for our citizens.”
SMAP contends that addressing these challenges requires a joint effort between the government and industry stakeholders. Through constructive dialogue and effective policy implementation, comprehensive solutions can be devised to reinvigorate the salt trade industry and unlock its full potential.
As a leading industry advocate committed to driving positive change, SMAP stands prepared to collaborate with the government in resolving salt trade-related issues effectively. Together, they can establish an enabling environment for the sustainable growth and development of the sector, thereby contributing to Pakistan’s overall socio-economic advancement.
“We eagerly await the government’s proactive initiatives and decisive actions in addressing these pressing issues, ushering in an era of progress, prosperity, and inclusivity for all stakeholders involved,” Mr. Paracha concluded.
The call from SMAP comes amid renewed focus on economic policies and trade relations under the new government. The salt industry, with its historical significance and economic impact, remains a key priority for stakeholders seeking to harness its potential for national development. As Pakistan navigates its economic landscape, the resolution of trade barriers and policy reforms in sectors like salt manufacturing could pave the way for broader economic rejuvenation and sustainable growth.
