Pakistan, July 6 -- Former President of the SAARC Chamber of Commerce and Industry Iftikhar Ali Malik has urged the government to revisit Sections 37A and 37B of the Sales Tax Act, 1990, in consultation with key stakeholders, to restore investor confidence and ensure sustainable growth across all industrial sectors. In a statement issued on Saturday, he emphasized that these controversial provisions, which grant extensive discretionary powers to tax officials, including arrest and prosecution have created an environment of fear and uncertainty among both domestic and foreign investors. "The business community fully supports transparent and fair tax collection mechanisms," he said, "but strongly opposes harassment and undue interference that...
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