Increasing additional revenue: FBR chief to explain new measures today

Chairman Federal Board of Revenue Salman Siddique is holding a luncheon meeting with members of All Pakistan Textile Mills Assocation (APTMA) here today (Monday) to explain measures taken by the government under SRO 231, issued through the Presidential Ordinance, to raise additional Rs 53 billion during next three months to meet the budget deficit.
Member APTMA and prominent textile industrialist Faraz Alam told Business Recorder that there are several irritants and ambiguities in the SRO 231 under which government has enhanced Sales Tax to 17 percent that need to be clarified by the FBR.
Earlier Chairman FBR and members of his team held meetings in Karachi with FPCCI, KCCI, Overseas Chamber of Commerce and Industry on Saturday and Sunday and explained the recent amendments and notifications to raise the additional revenue to honour the international commitments.
Faraz alleged that textile mills located in the Raiwaind area near Lahore are still being subjected to long electricity and gas load shedding though textile industry has been exempted from load shedding. "We are surely going to raise this discriminatory treatment with the Lahore's textile units with the FBR Chairman,"he added.