AGL 39.18 Decreased By ▼ -0.82 (-2.05%)
AIRLINK 127.95 Decreased By ▼ -1.11 (-0.86%)
BOP 6.85 Increased By ▲ 0.10 (1.48%)
CNERGY 4.69 Increased By ▲ 0.20 (4.45%)
DCL 8.50 Decreased By ▼ -0.05 (-0.58%)
DFML 41.20 Increased By ▲ 0.38 (0.93%)
DGKC 82.30 Increased By ▲ 1.34 (1.66%)
FCCL 33.10 Increased By ▲ 0.33 (1.01%)
FFBL 74.20 Decreased By ▼ -0.23 (-0.31%)
FFL 11.83 Increased By ▲ 0.09 (0.77%)
HUBC 110.10 Increased By ▲ 0.52 (0.47%)
HUMNL 14.17 Increased By ▲ 0.42 (3.05%)
KEL 5.22 Decreased By ▼ -0.09 (-1.69%)
KOSM 7.65 Decreased By ▼ -0.07 (-0.91%)
MLCF 39.00 Increased By ▲ 0.40 (1.04%)
NBP 63.60 Increased By ▲ 0.09 (0.14%)
OGDC 192.74 Decreased By ▼ -1.95 (-1%)
PAEL 25.60 Decreased By ▼ -0.11 (-0.43%)
PIBTL 7.29 Decreased By ▼ -0.10 (-1.35%)
PPL 153.00 Decreased By ▼ -2.45 (-1.58%)
PRL 25.46 Decreased By ▼ -0.33 (-1.28%)
PTC 17.52 Increased By ▲ 0.02 (0.11%)
SEARL 82.10 Increased By ▲ 3.45 (4.39%)
TELE 7.63 Decreased By ▼ -0.23 (-2.93%)
TOMCL 33.42 Decreased By ▼ -0.31 (-0.92%)
TPLP 8.44 Increased By ▲ 0.04 (0.48%)
TREET 16.30 Increased By ▲ 0.03 (0.18%)
TRG 56.60 Decreased By ▼ -1.62 (-2.78%)
UNITY 27.56 Increased By ▲ 0.07 (0.25%)
WTL 1.35 Decreased By ▼ -0.04 (-2.88%)
BR100 10,495 Increased By 50.1 (0.48%)
BR30 31,049 Decreased By -140.2 (-0.45%)
KSE100 98,115 Increased By 317.1 (0.32%)
KSE30 30,628 Increased By 147.6 (0.48%)

Marble Mines & Industries Development Association, Khyber Pakhtunkhwa Tuesday announced province wide shutter down strike against the levy of 17% GST on the sector in the budget 2019-20. Addressing a press conference, Mohammad Sajjad Khan, the chairman of the association rejected the levy as sheer injustice and cruelty and added that the imposition will destroy the marble industry.
A large number of other marble units representatives were also present on the occasion. Marble is the largest industry of the province with the total number of one thousand units and the employment of the thousands of labourers is dependent on it. He said that the shutter down has already begun in the province since June 30, 2019 and very soon it would grip the whole country. The sector, he said earned billions of rupees revenue for the federal and provincial governments. He said that they pay sales tax to the tone of Rs 350 million in the power bills.
Beside, depriving the government of 17% GST, the strike would also deprive the country of handsome foreign exchange and millions of labourers would be rendered unemployed that would aggravate situation for the government.
He also demanded ban on the import of every kind of marble and granite to the country to save millions of foreign exchange for the country and retrieve the sector from the prevailing hardships.

Copyright Business Recorder, 2019

Comments

Comments are closed.