He warned that the country cannot afford such extended holidays as this will result in giving losses of up to billions of rupees to the national executive and terribly affect business activities particularly the exports.
“If this is done then we should forget about any tax system in Pakistan,” said Zaidi, while calling for an improvement in the refund system.
All Pakistan Textile Mills Association (APTMA) in a series of tweets on Wednesday, said that the withdrawal of zero-rating was one of the most regressive policies brought in by then FBR Chairman Shabbar Zaidi.