ONLINE
LAHORE
The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) and the United Business Group (UBG) Wednesday unanimously demanded the immediate payment of export rebate of Rs 300 billion, restoration of Engineering Development Board and slashing the ever increasing power and gas tariffs besides withdrawal of unjustified heavy slabs of taxation on industry thus increasing cost of production in addition to addressing the anomalies in budget.
It was stated by President Federation of Pakistan Chamber of Commerce and Industry Zubair Tufail who called on Chairman United Business Group and Vice President SAARC Chamber of Commerce and Industry Iftikhar Ali Malik.
Criticizing the current fiscal budget Zubair said that major chunk of industries especially textile and leather are badly suffering colossal financial loss and needs immediate oxygen otherwise industrial sector will be collapsed.
He said that nearly 200 textile and leather units are forced to shut down because of heavy taxation and absence of relief from the government.
Senior Vice President of FPCCI Aamir Ata Bajwa, Zonal Chairman FPCCI Punjab Manzoor Ul Haq Malik, President Lahore Chamber Abdul Basit were also present on the occasion.
