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FPCCI team meets FBR chief with proposals

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Raza Kazmi

ISLAMABAD: A delegation of Federation of Pakistan Chamber of Commerce & Industry (FPCCI) led by its President Nassar Hyatt Magoo met with Chairman Federal Board of Revenue (FBR) Asim Ahmad here on Friday at FBR Headquarter. The delegation put forth its proposals to Chairman FBR for inclusion in the forthcoming budget.
The delegation raised the issue of Closure and non-clearance of vehicles at Chaman Border due to rent dispute between different Government Institutions. They also apprised the Chairman about the difficulties faced by Importers and Exports at Kharlachi Border, Kurram agency. Regarding value added sales tax of 3% at imports, FPCCI requested to withdraw the same on import of industrial raw materials so as to provide the level playing field to importers and industry. FPCCI also requested to withdraw further tax and to reduce minimum tax under section 113 for different sectors. The delegation raised the issue of higher tax on import of tea as well.
Chairman FBR was assisted by Member (IR-Policy) and his team. The Chairman FBR assured the redressal of issues raised by the representatives of FPCCI and assured consideration of proposals in the forthcoming budget.