Budget proposals: Bike assemblers demand tax relief

ISLAMABAD: Motorcycle assemblers have demanded that the government relieve the industry of some taxes in the upcoming federal budget of Fiscal Year 2016-17. According to the body, 50 out of a total 120 plants have closed while the remaining plants fail to meet their maximum production. Only 50% of the total production capacity is being utilised currently by production houses in the country. The industry is capable of producing around 4 million units per annum but sales are stagnated at 2 million. Industrialists while talking to private news channel said that lesser production leads to increased manufacturing cost while government’s production quota scheme has resulted in limited use of capability.

Published in The Express Tribune, May 18^th, 2016.

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