LCCI forms com­mit­tee to iden­tify la­cu­nae in RGST

The Pak Banker - - 2national - Staff Re­porter

LA­HORE: The trade and in­dus­try of La­hore has unan­i­mously and cat­e­gor­i­cally re­jected the govern­ment's in­ten­tion to im­pose Re­formed Gen­eral Sales Tax (RGST) in its ex­ist­ing for­mat and formed a com­mit­tee to iden­tify la­cu­nae in it and later on ini­ti­ate talks with the govern­ment.

The meet­ing was chaired by the LCCI Act­ing Pres­i­dent Sheikh Mo­ham­mad Arshad. LCCI Vice Pres­i­dent So­hail Azhar, for­mer Pres­i­dents Sheikh Mo­ham­mad Asif, Mian An­jum Nisar, Mo­ham­mad Ali Mian, Za­far Iqbal Chaudhry, Act­ing Pres­i­dent An­ju­man-e- Ta­ji­ran Pak­istan Khalid Per­vaiz, Sec­re­tary Gen­eral Ab­dul Raz­zaq Bab­bar Pres­i­dent An­ju­man-e-Ta­ji­ran Badami Bagh Waqar Ah­mad Mian, Chair­man An­ju­man-eTa­ji­ran Ferozepur Road Me­hboob Sirki, Pres­i­dent All Pak­istan Leather Im­porters As­so­ci­a­tion Tariq Ma­sood Chaudhry, Rep­re­sen­ta­tives of An­ju­man-e-Ta­ji­ran Hall Road, Chair­man All Pak­istan Sewing Ma­chine As­so­ci­a­tion Ghu­lam Sar­war Ha­jveri and rep­re­sen­ta­tive of Paper Mer­chants As­so­ci­a­tion Khamis Saeed Butt.

The com­mit­tee, headed by LCCI for­mer Pres­i­dent Sheikh Mo­ham­mad Asif, has in its fold rep­re­sen­ta­tives of both the trade and in­dus­try. The com­mit­tee has been tasked to fi­nal­ize its rec­om­men­da­tions at the ear­li­est so that the same could be for­warded to the govern­ment. The par­tic­i­pants said the real stake­hold­ers have not been taken into con­fi­dence and the govern­ment is tak­ing the new tax­a­tion mea­sures with­out any proper con­sul­ta­tion with trade and in­dus­try's rep­re­sen­ta­tives, which could have a dis­as­trous im­pact on the al­ready ail­ing econ­omy. "The RGST will en­cour­age tax evaders in­stead of bring­ing more tax-pay­ers into the tax net due to its hap­haz­ard way of im­ple­men­ta­tion", they said adding that no govern­ment mea­sures could be suc­cess­ful with­out hav­ing proper ex­er­cise or tak­ing the stake­hold­ers into con­fi­dence.

They said that the peo­ple who are al­ready over­bur­dened with the sky­rock­et­ing prices and strug­gling for sur­vival would not ac­cept Re­formed Gen­eral Sales Tax.

They urged the Na­tional Assem­bly to re­frain from ap­prov­ing any anti-peo­ple and anti-nation de­ci­sion that cre­ates ha­tred against the govern­ment.

They also termed the im­po­si­tion of any new tax as an act against the na­tional in­ter­ests. They said that the govern­ment is try­ing to im­pose new taxes on the peo­ple when they are al­ready strug­gling for sur­vival amidst ever-in­creas­ing un­em­ploy­ment.

IS­LAM­ABAD: Am­bas­sador of the King­dom of Morocco Muham­mad Rida El Fassi called on Chair­man Se­nate, Fa­rooq H. Naek at Par­lia­ment House. -App

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