Budget 2016-17 disappointed the Rice traders in PakistanAccording to sources, it has been reported recently that the rice traders on Saturday expressed their disappointment over the budget 2016-17 for not proposing measures to increase exports .In this regard, the Chief Patron of Rice Exporters Association of Pakistan (REAP) Mr Abdul Rahim Janoo, in one of his statements narrated that the exporters urged the government to declare rice sector as separate industry and place it under zero-rate regime. However, the government did not include our recommendations into the finance bill. Further, it was also revealed that the rice export is the second largest earner of more than $2.2 billion foreign exchange per annum in the country, but the government has completely neglected this sector in the budget.

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Expressing disappointment in this matter  it has been explained that the REAP has sent several recommendations for the betterment of rice export trade, which were not considered by the government and  even one very important suggestion of one window operation for the collection of all taxes has also been ignored as it has been stated  by Mr Janoo .The statement also said  that the sales tax refund claims of rice exporters have been lying  pending since long and we had also requested  the government to pay back  exporters  the refunds at the earliest possible accordingly.  Furthermore, in this aspect we have also requested the Prime Minister and Finance Minister to take urgent steps for the survival of this very import sector and to include this sector into zero rate regimes, so that our dream of achieving $4 billion up to the end of 2018 may come true, according to the statement.

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