HYDERABAD: The President of the Hyderabad Chamber of Commerce and Industry (HCCI), Adeel Siddiqui, has said that tax exemptions to former federal and provincial-administered tribal areas are causing significant losses to Pakistan`s local edible oil and ghee industry.

He noted that receivables in the steel sector, edible oil and ghee industry were equivalent to hundreds of billions of rupees.

He maintained that traders would welcome an end to destructive policies such as tax exemptions.

In a statement issued on Saturday, Mr Siddiqui called for an audit to address the misuse of tax exemptions and sales evasion.-Mohammad Hussain Khan