China sends Rs5 billion soft loan installment for OLMT
He emphasised the need to end ‘the step-motherly treatment’ which was causing hardship to the sector, which was the second largest after textile. “The imposition of 0.2% tax on a turnover of Rs2 million or more is unwise as during the arrival season of the new crop, it gets exhausted in a couple of days and the Rs2-million limit for the fiscal year is unrealistic,” Thaver said, adding rice should be zero-rated like the five other sectors exempted from taxes.
Published in The Express Tribune, December 26h, 2017.
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