Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh, chaired the meeting of the Economic Coordination Committee (ECC) of the Cabinet today. Ministry
ECC reduces tax on commercial sugar imports to 0.25pc
Published On 20 January,2021 11:02 pm
The reduction in taxes will incentivize the sugar mills for import of 300,000 MT Raw Sugar
ISLAMABAD (Dunya News) – The Economic Coordination Committee (ECC) of the Cabinet Wednesday approved reduction of Withholding Income Tax on commercial import of white sugar and raw sugar form 5.5% to 0.25% besides approving removal of Value Added Sales Tax on import of white sugar.
The approval was given on the presentation of summary by Ministry of Industries and Production for import of sugar with an aim to reduce upward pressure on prices of sugar and to buffer up carryover stocks before the arrival of the fresh crop.
Federal planning minister Asad Umar addresses the media on Sunday. DawnNewsTV
Sindh Governor Imran Ismail on Sunday announced the arrival of 52 modern fire tenders in Karachi in an effort to boost the city s fire emergency system.
He was addressing a press conference at the Karachi Port, accompanied by Minister for Shipping and Maritime Affairs Ali Haider Zaidi, Minister for Planning, Development and Special Initiatives Asad Umar, federal Minister for Information Technology and Telecommunications Syed Aminul Haq and PTI leader Firdous Shamim Naqvi.
The governor said the project to bring in the 52 fire tenders was an initiative of the Sindh Infrastructure Development Company Limited (SIDCL) and termed it a great gift for the city of Karachi. Ismail said the fire department would be responsible for the fire tenders and they would come under the ownership of the Karachi Metropolitan Corporation (KMC).