Monday, 14 May 2012

FCCI(Faisalabad Chamber of Commerce and Industry ) forwards proposals on upcoming budget

Local traders, businessmen and industrialists have forwarded proposals and suggestions to the government for upcoming budget.President Faisalabad Chamber of Commerce and Industry (FCCI) Muzammal Sultan said in a statement here on Sunday that it was demanded in the proposals that the government should avoid from levying new taxes or duties as the business, trade and industrial sectors are already jolting at the verge of collapse.
President Faisalabad Chamber of Commerce and Industry (FCCI) Muzammal Sultan 

The industrialists have proposed Self Assessment Tax under which every citizen will deposit tax in the government kitty positively by assessing his income own.

It was also demanded that SRO-191 should be abolished as it imposes 5% tax on every sector separately. But the traders and industrialists demanded that SRO-282 should be implemented in toto because it gives much relief to all sectors except Spinning and Processing.

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