Traders’ woes: Businessmen term new SROs a mini-budget

FPCCI president asked the government to remove the ambiguity created by the two SROs and other such orders.


Our Correspondent March 25, 2013
Such SROs made the production cost difficult to bear and the business operations unproductive. DESIGN: FAIZAN DAWOOD

FAISALABAD:


The Faisalabad Chamber of Commerce and Industry (FCCI) has described the issuance of SRO 98 and SRO 154, which impose withholding tax and end zero-rated tax facility, as a mini-budget just a few months before the presentation of the new federal budget for 2013-14.


Such SROs made the production cost difficult to bear and the business operations unproductive, said FCCI President Mian Zahid Aslam in a statement issued on Monday.

He asked the government to remove the ambiguity created by the two SROs and other such orders issued by the Federal Board of Revenue (FBR) to enable the business community to continue operations in a satisfactory manner.

“SROs 98 and 154 were issued without consultation with any stakeholders and even the Public Accounts Committee of the recently dissolved National Assembly had discouraged the SRO culture,” he said.

Published in The Express Tribune, March 26th, 2013.

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COMMENTS (2)

Haseeb Khan | 11 years ago | Reply

FBR has caused over Rs 11 Billion loss to business as per one estimate The Member Inland Revenue and the Chairman FBR should be held responsible for this loss and barrage of un-thought SROs that have been issued in last 6 weeks. FBR has become inefficient,dysfunctional Institute.

Ajab Khan | 11 years ago | Reply

Yes a prudent move

Chairman FBR should also be removed as he may also hold back the facts

Let honest tax compliant tax payers be elected Please

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