Business Environment Must Be Built on Trust, Not Fear, Saqib Goodluck
\n KARACHI
\nThe Pakistan Yarn Merchants Association (PYMA) has categorically rejected the inclusion of Articles 37-A and 37-B in the Sales Tax Act under the recent Finance Bill. In an appeal to Prime Minister Shehbaz Sharif, Finance Minister Muhammad Aurangzeb, and FBR Chairman Rashid Mehmood Langrial, PYMA has urged the immediate withdrawal of these controversial provisions, which have sparked serious concern across the business community.
\nPYMA Chairman Muhammad Saqib Goodluck criticized the new measures, stating that they represent \u201cBLACK LAWS\u201d that will lead to harassment and undue pressure on legitimate businesses. He emphasized that empowering FBR officials with excessive authority through these articles is unjust and hostile to business interests.
\n\u201cIf the government truly wants to enhance tax revenues, it should foster a supportive environment that encourages business growth, not one that breeds fear and mistrust,\u201d Saqib Goodluck said. \u201cThriving businesses contribute more to the national exchequer. But policies that stifle entrepreneurship will only shrink the tax base and hurt the economy.\u201d
\nHe further added that these laws treat business owners like suspects rather than law-abiding citizens, warning that actions based solely on suspicion undermine the principles of fairness and justice.
\nCalling for a shift in focus, the PYMA chief urged the government to adopt policies aimed at economic growth and ease of doing business. \u201cSuch steps will ensure the sustainability of industries, create employment, and ultimately strengthen the national economy,\u201d he concluded.<\/p>\n","protected":false},"excerpt":{"rendered":"
Business Environment Must Be Built on Trust, Not Fear, Saqib Goodluck KARACHI The Pakistan Yarn Merchants Association (PYMA) has categorically rejected the inclusion of Articles 37-A and 37-B in the Sales Tax Act under the recent Finance Bill. In an appeal to Prime Minister Shehbaz Sharif, Finance Minister Muhammad Aurangzeb, and FBR Chairman Rashid Mehmood […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-488116","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n