KCCI presents budget proposals to Sindh govt
Chief Minister Sindh Syed Qaim Ali Shah, while assuring to give due consideration to Karachi Chamber's Proposals for Sindh Budget 2016-17, said that Sindh Minister for Finance Syed Murad Ali Shah and Chairman Sindh Revenue Board (SRB) Tashfeen Khalid Niaz will be advised to further discuss these budget proposals with KCCI representatives in another meeting so that these recommendations could be considered in the budget-making process.
The assurance was given to a highpowered KCCI delegation led by Chairman Businessmen Group (BMG) and Former President KCCI Siraj Kassam Teli who met CM Sindh to formally present KCCI's Proposals for Sindh Budget 2016-17. Besides Siraj Teli, KCCI delegation also comprised Vice Chairmen BMG and Former Presidents KCCI Tahir Khaliq, Zubair Motiwala, Haroon Farooki & Anjum Nisar, President KCCI Younus Muhammad Bashir, Vice President KCCI Muhammad Naeem Sharif, Former President KCCI AQ Khalil, Former President KCCI Haroon Agar, Former Vice President KCCI Muhammad Idrees and Former SVP KCCI Shamim Ahmed Firpo.
According to Chairman of KCCI's Special Committee for Sindh Budget Proposals 2016-17 AQ Khalil, the Karachi Chamber, in its Proposals for Sindh Budget 2016-17, proposed to introduce Solid Waste Management System, completion of K-4 project for water supply to Karachi, execution of Karachi Circular Railway (KCR) project, repair and construction of roads, flyovers and underpasses in Karachi, effective strategy to deal with traffic mess across Karachi, allocation of at least Rs2 billion for upgrading infrastructure of 7 Industrial Town Associations, removal of ghost staff in Education Dept., KMC & KWSB, allocation of funds on equitable basis for revival of sick industrial units, conservation measures for electricity, gas & water and steps to resolve electricity issues with a view to bring Karachi at par with other cities in terms of infrastructure development and make it an attractive place for investments.
Referring to the 18th Amendment which resulted in imposition of many new taxes at the provincial taxes, the Karachi Chamber underscored the need to rationalize and harmonize these taxes, particularly Sales Tax on Services. In this regard, KCCI demanded that the income of indenters of the import business should not be subjected to additional tax of 14 percent and it should not be levied while 10 percent Services Sales Tax (SST) on Security Services should be withdrawn.