AIRLINK 74.85 Increased By ▲ 0.56 (0.75%)
BOP 4.98 Increased By ▲ 0.03 (0.61%)
CNERGY 4.49 Increased By ▲ 0.12 (2.75%)
DFML 40.00 Increased By ▲ 1.20 (3.09%)
DGKC 86.35 Increased By ▲ 1.53 (1.8%)
FCCL 21.36 Increased By ▲ 0.15 (0.71%)
FFBL 33.85 Decreased By ▼ -0.27 (-0.79%)
FFL 9.72 Increased By ▲ 0.02 (0.21%)
GGL 10.45 Increased By ▲ 0.03 (0.29%)
HBL 112.74 Decreased By ▼ -0.26 (-0.23%)
HUBC 137.44 Increased By ▲ 1.24 (0.91%)
HUMNL 11.42 Decreased By ▼ -0.48 (-4.03%)
KEL 5.28 Increased By ▲ 0.57 (12.1%)
KOSM 4.63 Increased By ▲ 0.19 (4.28%)
MLCF 37.80 Increased By ▲ 0.15 (0.4%)
OGDC 139.50 Increased By ▲ 3.30 (2.42%)
PAEL 25.61 Increased By ▲ 0.51 (2.03%)
PIAA 20.68 Increased By ▲ 1.44 (7.48%)
PIBTL 6.80 Increased By ▲ 0.09 (1.34%)
PPL 122.20 Increased By ▲ 0.10 (0.08%)
PRL 26.58 Decreased By ▼ -0.07 (-0.26%)
PTC 14.05 Increased By ▲ 0.12 (0.86%)
SEARL 58.98 Increased By ▲ 1.76 (3.08%)
SNGP 68.95 Increased By ▲ 1.35 (2%)
SSGC 10.30 Increased By ▲ 0.05 (0.49%)
TELE 8.38 Decreased By ▼ -0.02 (-0.24%)
TPLP 11.06 Decreased By ▼ -0.07 (-0.63%)
TRG 64.19 Increased By ▲ 1.38 (2.2%)
UNITY 26.55 Increased By ▲ 0.05 (0.19%)
WTL 1.45 Increased By ▲ 0.10 (7.41%)
BR100 7,837 Increased By 26.9 (0.34%)
BR30 25,452 Increased By 301.7 (1.2%)
KSE100 75,114 Increased By 157.8 (0.21%)
KSE30 24,114 Increased By 30.8 (0.13%)
Print Print 2020-04-01

PCDMA chief urges FBR to withdraw tax notices

Chairman Pakistan Chemicals & Dyes Merchants Association (PCDMA) and former director Karachi Stock Exchange, Amin Yousuf Balgamwala has urged the Chairman Federal Board of Revenue to waive all notices including income tax, sales tax, WHT and all proceedin
Published 01 Apr, 2020 12:00am

Chairman Pakistan Chemicals & Dyes Merchants Association (PCDMA) and former director Karachi Stock Exchange, Amin Yousuf Balgamwala has urged the Chairman Federal Board of Revenue to waive all notices including income tax, sales tax, WHT and all proceedings in this regard for 2 months due to the worst economic crisis.
He said that due to coronavirus pandemic, all the business activities have come to standstill and commercial importers are already facing huge financial crises.
He expressed his surprised on FBR notices, as entire country is in lockdown for prevention of coronavirus pandemic and urged the chairman FBR to issue directives to chief commissioners and all RTOs to stop harassing commercial importers so that import activities could be restored after the lockdown.
The chairman PCDMA further said that if all notices including income tax, sales tax, WHT and other proceeding not stopped for at least 2 months then the textile industry will badly be affected which is the backbone of the domestic economy as commercial importers are the largest means of providing raw materials to the textile industry to continue production activities.

Copyright Business Recorder, 2020

Comments

Comments are closed.