Unjustified Measure: ‘Super tax is discouraging investors’

Says super tax was originally imposed for one year but it has been extended for the third consecutive year

ISLAMABAD: The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) on Tuesday said that super tax was originally imposed for one year but it has been extended for the third consecutive year in the budget, which is discouraging investors.



This tax was imposed for a year in 2015 to help settle people displaced in the war against terror. The sacrifices of the Army have restored peace and over 90% displaced people have returned to their homes, therefore, an extension of the super tax is unjustified, it said.



Many senators and parliamentarians representing opposition and government are against this controversial tax while 193 companies working in Pakistan have also called for its discontinuation, said FPCCI Regional Committee on Industries Chairman Atif Ikram Sheikh.

Published in The Express Tribune, June 7^th, 2017.

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