PIAF seeks cut in tax ratio on oil to facilitate industry, trade
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Pakistan, Sept. 14 -- The Pakistan Industrial and Traders Association Front (PIAF) has sought reduction in tax ratio on petroleum products to facilitate the trade and industry, as the government has been charging petroleum levy as well as sales tax on oil products to the record high level.
PIAF President Mian Nauman Kabir, in a joint statement with senior vice chairman Nasir Hameed and vice chairman Javed Siddiqi said that at a time when country's GDP ratio was further stretched owing to slow exports growth amidst high cost of doing business, the trade and industry need maximum relief.
He said that Pakistan's economy is going through a challenging phase due to the outbreak of Covid-19 pandemic. With a view to improve the cash flow of bu...
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