KCCI presents bud­get pro­pos­als to Sindh govt

The Pak Banker - - NATIONAL -

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.

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