AIRLINK 196.38 Increased By ▲ 4.54 (2.37%)
BOP 10.11 Increased By ▲ 0.24 (2.43%)
CNERGY 7.75 Increased By ▲ 0.08 (1.04%)
FCCL 38.10 Increased By ▲ 0.24 (0.63%)
FFL 15.74 Decreased By ▼ -0.02 (-0.13%)
FLYNG 24.54 Decreased By ▼ -0.77 (-3.04%)
HUBC 130.38 Increased By ▲ 0.21 (0.16%)
HUMNL 13.73 Increased By ▲ 0.14 (1.03%)
KEL 4.60 Decreased By ▼ -0.07 (-1.5%)
KOSM 6.19 Decreased By ▼ -0.02 (-0.32%)
MLCF 44.85 Increased By ▲ 0.56 (1.26%)
OGDC 206.51 Decreased By ▼ -0.36 (-0.17%)
PACE 6.58 Increased By ▲ 0.02 (0.3%)
PAEL 39.77 Decreased By ▼ -0.78 (-1.92%)
PIAHCLA 17.20 Decreased By ▼ -0.39 (-2.22%)
PIBTL 7.99 Decreased By ▼ -0.08 (-0.99%)
POWER 9.20 Decreased By ▼ -0.04 (-0.43%)
PPL 178.91 Increased By ▲ 0.35 (0.2%)
PRL 38.93 Decreased By ▼ -0.15 (-0.38%)
PTC 24.31 Increased By ▲ 0.17 (0.7%)
SEARL 109.27 Increased By ▲ 1.42 (1.32%)
SILK 1.00 Increased By ▲ 0.03 (3.09%)
SSGC 37.75 Decreased By ▼ -1.36 (-3.48%)
SYM 18.83 Decreased By ▼ -0.29 (-1.52%)
TELE 8.53 Decreased By ▼ -0.07 (-0.81%)
TPLP 12.14 Decreased By ▼ -0.23 (-1.86%)
TRG 64.76 Decreased By ▼ -1.25 (-1.89%)
WAVESAPP 12.11 Decreased By ▼ -0.67 (-5.24%)
WTL 1.64 Decreased By ▼ -0.06 (-3.53%)
YOUW 3.87 Decreased By ▼ -0.08 (-2.03%)
BR100 12,000 Increased By 69.2 (0.58%)
BR30 35,548 Decreased By -112 (-0.31%)
KSE100 114,256 Increased By 1049.3 (0.93%)
KSE30 35,870 Increased By 304.3 (0.86%)

PESHAWAR: The Sarhad Chamber of Commerce and Industry (SCCI) has welcomed withdrawal of the fixed tax for retailers and shopkeepers imposed through electricity bills for a year.

Senior office bearers of the SCCI Hasnain Khurshid Ahmad, Vice president Imran Khan Mohmand and vice president Javed Akhtar in a joint statement issued here on Sunday said that government withdrew the fixed tax for retailers and shopkeepers imposed through electricity bills for a year after a successful talks with leaders of traders community at central level, which according to them, the move highly admirable and appreciable.

They viewed the government ‘business-friendly’ policies would bring economic stability and flourish trade and economic activities in the country. A few days ago, the federal government decided to withdraw the fixed tax regime on electricity bills for small traders who can benefit from this for a period of one year.

Hasnain Khurshid said the traders have played a pivotal role in the economic development of the country through paying various taxes. Therefore, he asked the government to provide those facilities and incentives and refrained from enforcement of anti-business policies to avoid elevating miseries of the trading community.

The trade body office bearers said traders have ensured timely payment of all taxes. However, they said the collection of double taxes is completely intolerable and would be protested against at every level.

The SCCI president urged the government to make proper consultation with the business community before imposition of new taxes and policies in order to avoid creating any kind of vacuum between government’s institutions and the traders’ community.

KP business community, which early badly affected by terrorism and later now being faced with great hardship owing to several waves of novel corona virus so it is essential that the government should take steps for ease of doing business instead of enforces anti-traders policies, says Khurshid.

The chamber president asked the government to announce special incentives to revive the Covid-19 hit industries and businesses. On the occasion, Hasnain Khurhsid urged the government to review recent increases in electricity and gas tariffs.

Copyright Business Recorder, 2022

Comments

Comments are closed.