Budget proposal: CAP calls for exemption from import duties

LAHORE: The Constructors’ Association of Pakistan (CAP) has called for exempting import duties on construction equipment, machinery and formworks system including plywood from advance sales tax of 17% and additional sales tax of 3%.

CAP Chairperson Kamal Nasir Khan made this demand in budget proposals for year 2018-19, and submitted to the Federal Board of Revenue. He said the construction sector plays a major role in the economic development and uplift of a country.

It is an important employment generating industry, offering job opportunities to millions of skilled and un-skilled labor forces. In fact, it is the second largest sector, after agriculture, in creating employment.

Published in The Express Tribune, April 13^th, 2018.

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