KARACHI: FPCCI president Mian Nasser Hyatt Maggo demanded equal taxation for imported and locally-produced LPG to provide local industry a level-playing field.
Mian Nasser Hyatt Maggo said FPCCI is not against import of LPG, but against disparities in taxation. He was speaking at the occasion of the first meeting of FPCCI’s Standing Committee on LPG. He said LPG imports should continue until the local producers can meet the demand in full. Maggo said business acumen says that the share of imported LPG is bound to increase in Pakistan under current circumstances and advised the representatives of LPG sector to write a letter to FBR’s anomaly committee to demand equal taxation.
Mian Nasser Hyatt Maggo further added that FPCCI is ready to support LPG sector to achieve equal taxation and this is their right which the government should not deny. He noted that large oil refineries producing LPG in Pakistan should also raise their voice and support their distributors.
FPCCI Standing Committee on LPG convener Muhammad Ali Haider said local industry is under tremendous pressure against imported LPG as they have lower taxation and no regulatory duty is applied on them. He also said that the share of imported LPG increases to 40% from 30% during winters as the demand rises; therefore, LPG sector needs immediate intervention and assistance from the government.
FPCCI demands that a new LPG Policy 2021 is the need of the hour and should be approved by ECC and implemented ASAP to update the policy framework for LPG sales in the country to reflect prevalent ground realities.
Copyright Business Recorder, 2021