Budget proposal: CAP calls for exemption from import duties
Duties on construction equipment, machinery and formworks system
Duties on construction equipment, machinery and formworks systemPHOTO: JALAL QURESHI/EXPRESS
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 13th, 2018.
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 13th, 2018.