AIRLINK 74.00 Increased By ▲ 1.20 (1.65%)
BOP 5.00 Decreased By ▼ -0.06 (-1.19%)
CNERGY 4.44 Increased By ▲ 0.11 (2.54%)
DFML 30.26 Decreased By ▼ -0.26 (-0.85%)
DGKC 90.51 Increased By ▲ 4.56 (5.31%)
FCCL 23.20 Increased By ▲ 0.85 (3.8%)
FFBL 33.74 Increased By ▲ 0.52 (1.57%)
FFL 9.87 Increased By ▲ 0.09 (0.92%)
GGL 10.35 Decreased By ▼ -0.05 (-0.48%)
HBL 113.22 Decreased By ▼ -0.40 (-0.35%)
HUBC 138.00 Increased By ▲ 1.80 (1.32%)
HUMNL 9.77 Decreased By ▼ -0.26 (-2.59%)
KEL 4.76 Increased By ▲ 0.10 (2.15%)
KOSM 4.74 Increased By ▲ 0.34 (7.73%)
MLCF 39.68 Increased By ▲ 1.33 (3.47%)
OGDC 134.90 Increased By ▲ 1.50 (1.12%)
PAEL 28.80 Increased By ▲ 1.40 (5.11%)
PIAA 24.77 Increased By ▲ 0.01 (0.04%)
PIBTL 7.01 Increased By ▲ 0.46 (7.02%)
PPL 123.19 Increased By ▲ 1.98 (1.63%)
PRL 27.45 Increased By ▲ 0.30 (1.1%)
PTC 14.56 Increased By ▲ 0.67 (4.82%)
SEARL 61.61 Increased By ▲ 1.21 (2%)
SNGP 69.63 Increased By ▲ 1.10 (1.61%)
SSGC 10.48 Increased By ▲ 0.15 (1.45%)
TELE 8.90 Decreased By ▼ -0.15 (-1.66%)
TPLP 11.50 Increased By ▲ 0.24 (2.13%)
TRG 66.55 Increased By ▲ 0.85 (1.29%)
UNITY 25.29 Increased By ▲ 0.04 (0.16%)
WTL 1.57 Increased By ▲ 0.07 (4.67%)
BR100 7,714 Increased By 81 (1.06%)
BR30 25,614 Increased By 441.8 (1.75%)
KSE100 73,315 Increased By 656.9 (0.9%)
KSE30 23,542 Increased By 159.4 (0.68%)

President North Karachi Association of Trade and Industry (NKATI) Naseem Akhtar has urged Prime Minister Imran Khan to stop Sui Southern Gas Company (SSGC) from "harassing" industrialists and withdraw notices issued to registered manufacturers and exporters of five zero-rated sectors (textile, carpet, sports and surgical equipment), so that the production activities of lockdown affected export-oriented industries can be restored.

He said that SSGC has found a new way to "harass" industrialists despite the severe economic crisis caused by the Coronavirus epidemic by issuing notices to export-oriented industries asking them to obtain certificate from Commissioner-Inland Revenue and provide before July 20, 2020 for the validation of zero-rating status to avail reduced gas tariff.

"In notices to the registered manufacturers and exporters of 5 zero rated sectors [textile, carpet, sports and surgical equipment], SSGC threatened that if the certificate was not submitted within the stipulated time, otherwise SSGC will revise gas tariff and apply normal tariff i.e., Rs 1,021/- per MMBTU," he claimed.

He said that due to coronavirus epidemic, industries have already been shut down, exporters and industrialists are facing a severe financial crisis. Instead of helping in this difficult time, it has started "harassing" the industrialists, he added.

Patron-in-chief NKATI, Capt A Moiz Khan, said that Prime Minister Imran Khan was taking steps to provide facilities to exporters, especially to the 5 zero-rated sectors in the troubled economy, for which the industrial community is grateful.

"They said that while zero-rated industries already notified in SSGC then why industrialists need certificate from the FBR.

Copyright Business Recorder, 2020

Comments

Comments are closed.