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SRO 821(I)/2011 Unanimously Rejected – Federation of Pakistan Chambers of Commerce and Industry

Islamabad: Sheikh Shakeel Ahmed Dhingra, Vice President (Elect) and Chairman, Federation of Pakistan Chambers of Commerce and Industry Standing Committee on Liaison with FBR, in a press statement issued today has informed that a meeting of FPCCI members, Sindh and Baluchistan based, had been convened at Federation House, Karachi to consider the problems being faced by the registered tax payers due to enforcement of the condition of providing NTN/CNIC no. of unregistered buyers in the monthly sales tax return under SRO 821(I)/2011 dated September 06, 2011 and sought their view point. He continued that a meeting of Khyber Pakhtoonkhaw based Members of FPCCI on the same agenda item, was also convened by Mr. Muhammad Akbar Khan, Vice President, FPCCI at its Regional Office, Peshawar. In both the meetings the participants have totally rejected the SRO, he said.

Mr. Dhingra disclosed that a meeting of Punjab based members bodies of FPCCI would be held on February 29, 2012 to consider the condition of providing information of unregistered persons, and thereafter, the FPCCI would chalk out its future line of action which may include peaceful protest throughout the country as well as shutter down strike of trade and industry.

He therefore, urged the Advisor to the Prime Minister Dr. Abdul Hafeez Shaikh and Syed Mumtaz Haider Rizvi, Acting Chairman FBR to issue necessary instruction to abolish the black law in the best interest of trade and industry. He said that instead of providing enabling atmosphere and facilitating the business community to concentrate on business activities, the government is shifting its burden of broadening of tax base and curtailing black economy to the existing taxpayers.

He asked about the fate of data base of about 1.7 million potential tax payers, recently developed by the FBR with the help of NADRA which he said was a proper way for enlarging tax base, and enquired that how many billions are recovered so far from them?

He proposed that instead of squeezing existing tax payers in tax net and making their business activity difficult, other avenues may be identified for extending the tax base.

For more information, contact:
Malik Sohail Hussain
Chairman FPCCI Standing
Committee on Media and PR
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
Tel: +9251 2251 891-3
Fax: +9251 2251 894
Cell: +92333 5155300; +92321 5155500
Email: malick.sohail@yahoo.com

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