LCCI urges govt to find out vi­able so­lu­tion

The Pak Banker - - NATIONAL -

LA­HORE: The La­hore Cham­ber of Com­merce & In­dus­try (LCCI) Tues­day feared that calls for strikes against im­ple­men­ta­tion of with­hold­ing tax on bank trans­ac­tions would cause un­due dam­age to the eco­nomic ac­tiv­i­ties and af­fect the gov­ern­ment ef­forts aimed at progress and pros­per­ity of the coun­try.

LCCI Pres­i­dent Ijaz A. Mum­taz here de­manded of the gov­ern­ment to re­solve the is­sue through ne­go­ti­a­tion to de­ter the traders from more strikes. "Since coun­try is well on the way to eco­nomic re­vival and can­not af­ford strikes of traders who are the back­bone of econ­omy," he ob­served.

Ijaz A. Mum­taz sug­gested the gov­ern­ment to take busi­ness com­mu­nity on board and find out a vi­able so­lu­tion for all stake­hold­ers. Def­i­nitely, he said broad­en­ing of tax base was need of the hour for which un­taxed sec­tors must be brought into the tax sys­tem. For­ma­tion of a com­mit­tee and cut in with­hold­ing tax, he said, was a step in right di­rec­tion, how­ever, busi­ness com­mu­nity was not sat­is­fied yet and wanted com­plete with­drawal of this tax.

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