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ISLAMABAD: A delegation of leading exporters met Prime Minister Shehbaz Sharif on Friday, said a press release. The delegation praised the prime minister and the government of Pakistan regarding the reduction in electricity rates for industries and termed it as a breath of fresh air for the industrial and export sectors.

The delegation expressed full confidence in the government’s economic policies and assured of all possible cooperation with the government. They said that they stand with the government in punishing those who damage the country’s treasury and tax evaders.

Speaking to the participants of the delegation, the prime minister said that exports are the backbone of the economy. He said that the country will develop only when the export sector moves towards a rapid and sustainable growth.

Electricity rate reduction for industries will boost exports, says power minister

He further said that the exporters are worthy of respect and are playing a very important role in the development of country. He said that all facilities are being provided to promote non-traditional exports.

The Prime Minister said that today we have to take those decisions which are in the interest of the country and the nation. He said that the ratio of exports and GDP will increase. He said that the government is ensuring timely payment of sales tax refunds to industrialists and traders.

He directed the concerned authorities that no negligence will be tolerated in this regard, adding all possible facilities will be provided to businessmen and industrialists while staying within the available resources.

The prime minister directed the federal ministers to discuss with the delegation for immediate solution of all the problems of the exporters.

Federal Minister for Finance and Revenue Muhammad Aurangzeb, Federal Minister for Petroleum Musadik Malik, Federal Minister for Power Owais Ahmad Khan Leghari, Minister of State for Finance and Revenue Ali Parvez Malik, Minister of State for Information Technology and Telecom Shaza Fatima, Salman Ahmed and relevant officials were present in the meeting. Related government officers also attended the meeting.

Copyright Business Recorder, 2024

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Tariq Jun 22, 2024 10:40am
They actually came to discuss about the removal of tax on Export income. This would be removed as Exporters lobby’s rent seeking mindset and political clout always wins.
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Rebirth Jun 22, 2024 02:24pm
Turns out there’s double taxation for electricity. Power-generation companies pay taxes to petroleum companies on fuel and then charge more taxes from the consumers. One of these taxes must end.
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test Jun 22, 2024 03:30pm
We produce nothing. We export nothing. We assemble and keep assembling. We import and keep importing. We beg and we keep begging. The only way of economic survival is local manufacturing believe that.
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