AIRLINK 196.00 Increased By ▲ 6.36 (3.35%)
BOP 10.20 Increased By ▲ 0.11 (1.09%)
CNERGY 6.69 Increased By ▲ 0.01 (0.15%)
FCCL 34.31 Increased By ▲ 0.17 (0.5%)
FFL 17.27 Increased By ▲ 0.18 (1.05%)
FLYNG 23.90 Increased By ▲ 0.07 (0.29%)
HUBC 126.30 Increased By ▲ 0.25 (0.2%)
HUMNL 13.85 Increased By ▲ 0.06 (0.44%)
KEL 4.76 Decreased By ▼ -0.01 (-0.21%)
KOSM 6.64 Increased By ▲ 0.06 (0.91%)
MLCF 43.85 Increased By ▲ 0.57 (1.32%)
OGDC 224.40 Decreased By ▼ -0.56 (-0.25%)
PACE 7.33 Decreased By ▼ -0.05 (-0.68%)
PAEL 41.99 Increased By ▲ 0.25 (0.6%)
PIAHCLA 17.46 Increased By ▲ 0.27 (1.57%)
PIBTL 8.46 Increased By ▲ 0.05 (0.59%)
POWER 9.15 Increased By ▲ 0.10 (1.1%)
PPL 195.40 Increased By ▲ 2.31 (1.2%)
PRL 37.55 Increased By ▲ 0.21 (0.56%)
PTC 24.21 Increased By ▲ 0.19 (0.79%)
SEARL 95.49 Increased By ▲ 0.95 (1%)
SILK 0.99 No Change ▼ 0.00 (0%)
SSGC 38.90 Decreased By ▼ -1.03 (-2.58%)
SYM 18.10 Increased By ▲ 0.33 (1.86%)
TELE 8.75 Increased By ▲ 0.09 (1.04%)
TPLP 13.00 Increased By ▲ 0.61 (4.92%)
TRG 62.60 Decreased By ▼ -0.05 (-0.08%)
WAVESAPP 10.53 Increased By ▲ 0.25 (2.43%)
WTL 1.74 Decreased By ▼ -0.01 (-0.57%)
YOUW 3.98 Increased By ▲ 0.01 (0.25%)
BR100 11,873 Increased By 59.6 (0.5%)
BR30 36,320 Increased By 85.6 (0.24%)
KSE100 113,599 Increased By 351.9 (0.31%)
KSE30 35,791 Increased By 79.3 (0.22%)

PESHAWAR: Former Vice President Federation of Pakistan Chambers of Commerce and Industries (FPCCI) Abdul Rehman Mirza has welcomed the statement of the Federal Finance Minister regarding the ban on tax exemptions.

In a statement issued here, he alleged that an investigation has been initiated against the current President of the Federation of Pakistan Chambers of Commerce and some of his associates and the federal government will know those who took 22% relief in taxes from the government in the name of the people of former Fata/Pata and especially Malakand Division and swindled billions of rupees and their practice is still continue.

Those who used to get 22 percentage relief did not give a relief of single rupee to the local tribesmen and on the contrary, all the goods were being sent and sold in the settled areas in the presence of the Federal Board of Revenue (FBR).

HNWIs to be taxed: Aurangzeb unveils FBR digitisation strategy

He said that legal action should be taken indiscriminately against those who received billions of rupees in the name of tax and did not take it, because these are the people who used the industries in the tribal districts to get tax relief and all the goods were sold at the market rate in the regulated areas.

He said that in the name of Fata/Pata, the people named continued to shine the business by taking 22% relief inflicted loss to the billions of rupees to the public exchequer. They have cheated the people of Fata/Pata till today and relief of even of single or two rupees per litre or per kg of oil was given to the people.

He said that unfortunately some officials of FBR along with him have remained silent in this heinous business. He further said that the business community of the entire country stands with this timely decision of the Federal Finance Minister.

Copyright Business Recorder, 2025

Comments

200 characters