AGL 34.94 Decreased By ▼ -0.26 (-0.74%)
AIRLINK 127.53 Increased By ▲ 4.30 (3.49%)
BOP 5.16 Increased By ▲ 0.12 (2.38%)
CNERGY 3.89 Decreased By ▼ -0.02 (-0.51%)
DCL 8.00 Decreased By ▼ -0.15 (-1.84%)
DFML 43.51 Decreased By ▼ -0.71 (-1.61%)
DGKC 75.13 Increased By ▲ 0.78 (1.05%)
FCCL 24.74 Increased By ▲ 0.27 (1.1%)
FFBL 49.49 Increased By ▲ 1.29 (2.68%)
FFL 8.87 Increased By ▲ 0.09 (1.03%)
HUBC 142.75 Decreased By ▼ -3.10 (-2.13%)
HUMNL 10.50 Decreased By ▼ -0.35 (-3.23%)
KEL 3.96 Decreased By ▼ -0.04 (-1%)
KOSM 7.95 Decreased By ▼ -0.05 (-0.63%)
MLCF 33.06 Increased By ▲ 0.26 (0.79%)
NBP 56.99 Decreased By ▼ -0.16 (-0.28%)
OGDC 144.30 Decreased By ▼ -1.05 (-0.72%)
PAEL 25.40 Decreased By ▼ -0.35 (-1.36%)
PIBTL 5.78 Increased By ▲ 0.02 (0.35%)
PPL 116.48 Decreased By ▼ -0.32 (-0.27%)
PRL 24.07 Increased By ▲ 0.07 (0.29%)
PTC 11.03 Decreased By ▼ -0.02 (-0.18%)
SEARL 58.61 Increased By ▲ 0.20 (0.34%)
TELE 7.48 Decreased By ▼ -0.01 (-0.13%)
TOMCL 41.20 Increased By ▲ 0.10 (0.24%)
TPLP 8.25 Decreased By ▼ -0.06 (-0.72%)
TREET 15.10 Decreased By ▼ -0.10 (-0.66%)
TRG 54.26 Decreased By ▼ -0.94 (-1.7%)
UNITY 27.52 Decreased By ▼ -0.33 (-1.18%)
WTL 1.31 Decreased By ▼ -0.03 (-2.24%)
BR100 8,635 Increased By 63.4 (0.74%)
BR30 27,095 Decreased By -180.7 (-0.66%)
KSE100 82,151 Increased By 691.4 (0.85%)
KSE30 26,057 Increased By 257 (1%)

Pakistan Poultry Association's former chairman Abdul Basit has urged the Federal Finance Minister to withdraw 15 percent import duty from grandparent. The PPA former chief in a statement on Wednesday also urged the government to withdraw 10 percent duty and 10 percent sales tax on soyabean which is basic raw material for the poultry industry. The proposed tariff rate would push the input cost up that would increase prices of chicken meat and allied products to deprive the masses of a cheap source of protein.
He said poultry is one of the largest industries of the country that is not only a bigger source of revenue for the government but also providing employment to the millions of workers. The imposition of duty on raw materials would badly affect the poultry business. It is very unfortunate that instead of widening tax base and bringing the untaxed sectors into the tax net, existing taxpayers are being burdened, he added. Abdul Basit said that at a time when poultry industry is looking for a relief package, it is being pushed to the wall by imposition of duty and tax on its raw material. He urged the Federal Finance Minister to extend agriculture sector like facilities to this vital industry.

Copyright Business Recorder, 2016

Comments

Comments are closed.