AGL 5.27 Decreased By ▼ -0.23 (-4.18%)
ANL 8.45 Decreased By ▼ -0.04 (-0.47%)
AVN 75.82 Increased By ▲ 0.02 (0.03%)
BOP 5.15 Decreased By ▼ -0.09 (-1.72%)
CNERGY 4.41 Decreased By ▼ -0.01 (-0.23%)
EFERT 81.30 Decreased By ▼ -0.33 (-0.4%)
EPCL 49.29 Decreased By ▼ -0.41 (-0.82%)
FCCL 12.40 Decreased By ▼ -0.39 (-3.05%)
FFL 5.51 Increased By ▲ 0.01 (0.18%)
FLYNG 6.82 Increased By ▲ 0.09 (1.34%)
FNEL 4.68 Decreased By ▼ -0.02 (-0.43%)
GGGL 9.27 Increased By ▲ 0.85 (10.1%)
GGL 14.88 Increased By ▲ 0.93 (6.67%)
HUMNL 6.18 Increased By ▲ 0.10 (1.64%)
KEL 2.57 Increased By ▲ 0.01 (0.39%)
LOTCHEM 27.73 Increased By ▲ 0.08 (0.29%)
MLCF 23.57 Decreased By ▼ -0.22 (-0.92%)
OGDC 71.91 Increased By ▲ 0.81 (1.14%)
PAEL 15.13 Increased By ▲ 0.10 (0.67%)
PIBTL 4.83 Decreased By ▼ -0.07 (-1.43%)
PRL 15.66 Decreased By ▼ -0.32 (-2%)
SILK 1.07 Decreased By ▼ -0.03 (-2.73%)
TELE 8.85 Increased By ▲ 0.03 (0.34%)
TPL 7.34 Increased By ▲ 0.26 (3.67%)
TPLP 19.49 Increased By ▲ 0.23 (1.19%)
TREET 21.08 Increased By ▲ 0.23 (1.1%)
TRG 137.25 Increased By ▲ 0.65 (0.48%)
UNITY 16.30 Decreased By ▼ -0.25 (-1.51%)
WAVES 9.35 Increased By ▲ 0.10 (1.08%)
WTL 1.38 Increased By ▲ 0.03 (2.22%)
BR100 4,164 Increased By 6.3 (0.15%)
BR30 15,350 Increased By 10.3 (0.07%)
KSE100 41,698 Increased By 46.7 (0.11%)
KSE30 15,402 Increased By 22.3 (0.15%)
Follow us

PESHAWAR: The Sarhad Chamber of Commerce and Industry (SCCI) has welcomed withdrawal of the fixed tax for retailers and shopkeepers imposed through electricity bills for a year.

Senior office bearers of the SCCI Hasnain Khurshid Ahmad, Vice president Imran Khan Mohmand and vice president Javed Akhtar in a joint statement issued here on Sunday said that government withdrew the fixed tax for retailers and shopkeepers imposed through electricity bills for a year after a successful talks with leaders of traders community at central level, which according to them, the move highly admirable and appreciable.

They viewed the government ‘business-friendly’ policies would bring economic stability and flourish trade and economic activities in the country. A few days ago, the federal government decided to withdraw the fixed tax regime on electricity bills for small traders who can benefit from this for a period of one year.

Hasnain Khurshid said the traders have played a pivotal role in the economic development of the country through paying various taxes. Therefore, he asked the government to provide those facilities and incentives and refrained from enforcement of anti-business policies to avoid elevating miseries of the trading community.

The trade body office bearers said traders have ensured timely payment of all taxes. However, they said the collection of double taxes is completely intolerable and would be protested against at every level.

The SCCI president urged the government to make proper consultation with the business community before imposition of new taxes and policies in order to avoid creating any kind of vacuum between government’s institutions and the traders’ community.

KP business community, which early badly affected by terrorism and later now being faced with great hardship owing to several waves of novel corona virus so it is essential that the government should take steps for ease of doing business instead of enforces anti-traders policies, says Khurshid.

The chamber president asked the government to announce special incentives to revive the Covid-19 hit industries and businesses. On the occasion, Hasnain Khurhsid urged the government to review recent increases in electricity and gas tariffs.

Copyright Business Recorder, 2022


Comments are closed.

Electricity bills: Sarhad chamber welcomes withdrawal of ‘fixed tax’

Economy: Dar, others take stock of situation

Weekly SPI inflation unchanged on average

Xi calls for oil trade in yuan

Unilateral hike in rates of SEZs’ plots disallowed

FTO orders FBR to release soybean consignments

Russia could cut oil production over West’s ‘stupid’ price cap

Oil rebounds, but still on track for biggest weekly declines

ECs: SBP further tightening data reporting mechanism

Wapda asked to shift troops from Dasu hospital

Matters adjudicated by courts: FBR maintains no data bank