Say document gives discretionary powers to govt officials, which will lead to corruption
The FBR did not support the proposal of exempting the telecom sector from quarterly advance income tax. PHOTO: PID
KARACHI:
Exporters have rejected the draft presented by the Federal Board of Revenue (FBR) for the simplification of export promotion scheme, saying it is going to make the process difficult.
Towel Manufacturers Association of Pakistan Chairman Feroze Alam Lari said that the draft was just like Duty and Tax Remission for Export (DTRE) scheme rules and gave a lot of discretionary powers to government officials, which would open the doors of corruption and create hurdles in the way of manufacturers and exporters.
Gas crisis adds to business community’s woes
Industrialists voice concern over govt’s decision to cut gas supply for captive power generation
PHOTO: REUTERS
ISLAMABAD:
Industrialists and exporters have expressed concern over the current gas crisis, warning that the industry will face extreme difficulty in the wake of a ban on gas supply for captive power generation by the general industry from February 1 and by export-oriented sectors from March 1.
“The decision of the Cabinet Committee on Energy (CCOE) appears to have been taken on non-professional advice and without consultation with the main stakeholders, ie businessmen and apex bodies,” said FPCCI President Mian Nasser Hyatt Maggo.