Ex­porters urge govt not to im­pose RGST

The Pak Banker - - 2national -

IS­LAM­ABAD: Ex­porters on Thurs­day have urged the govern­ment not to im­pose Gen­eral Sales Tax (RGST) on five zero rated sec­tors of in­dus­try.

"It is not an ap­pro­pri­ate time to break the zero-rat­ing regime for tex­tile chain be­cause the ex­port-ori­ented in­dus­try is al­ready stand­ing on dy­ing edge due to in­crease in the util­ity costs," Javed Bil­wani, Chair­man Pak­istan Ap­parel Fo­rum, said while ad­dress­ing a press con­fer­ence here.

He, how­ever, stated that the ex­porters were not against the RGST im­po­si­tion on lo­cal sales. They were even ready to pay the GST on their use­able wastage.

The SME sec­tor will be af­fected due to im­po­si­tion of RGST be­cause their liq­uid­ity is not enough to be blocked. Their work­ing cap­i­tal is very

short and they are hardly sur­viv­ing, he added.

Rana Muham­mad Mush­taq, Chair­man of All Pak­istan Value-added Tex­tile Fo­rum said that the govern­ment should im­pose agri­cul­ture in­come tax.

He fur­ther said that the govern­ment should take mea­sures to stop leak­ages in the tax col­lec­tion sys­tem.

Rana Mush­taq, said that if RGST is im­posed on the zero rated sec­tors all the ex­porters would go on strike. -App

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.