FCCI urges President, PM to intervene in SRO issue

Attention: open in a new window. PDFPrintE-mail

Controversial SROs issued by Federal Board of Revenue (FBR) are totally unacceptable, these SROs should be withdrawn immediately, counter to industry and businesses. In a letter addressed to the President and Prime Minister, Faisalabad Chamber of Commerce & Industry (FCCI) President, Mian Zahid Aslam has requested that a directive be issued to the Chairman FBR to immediately rescind all the controversial SROs issued after 31st December, 2012 without the consultation of real representatives of business community.

Elaborating he said, in the near past numerous SROs have been promulgated by the FBR without consultation of genuine stakeholders and the FCCI. In this regard there is a lot of dismay prevalent amongst the business community of Faisalabad, resulting into protests by the industrialists and business people, he added.

He said that these SROs are unilateral, controversial and discriminatory against the businesses, issued by the FBR while meeting with the interests of certain so-called and non-representative entities and during the whole process, genuine stakeholders and the FCCI were never consulted by the FBR.

Chamber chief said that businessmen are struggling for their economic survival in these days of severe energy crisis where gas is available only for 3 days a week to the industries in Faisalabad region. In the last days of outgoing government, frequent SROs were issued which are not only difficult but impossible for implementation and even the Public Accounts Committee of former National Assembly discouraged the SRO culture which is the sole discretion of Parliament.

He further said that the acts of discrimination against the business community while imposing additional tax burden and protecting the tax-evaders are the root cause of corruption and economic decline in the country and FCCI has already brought to the notice of the Chairman FBR through various letters, press statements and electronic media that FCCI will never accept any imposed decision by the FBR and its officials at their whims and discretion causing resentment and negative reaction within the trade and industry in Faisalabad. The FCCI urged President and Prime Minister of Pakistan to intervene in the matter and direct to Chairman FBR for withdraw of all such controversial SROs issued in the best interest of businesses and national economy.

Courtesy: Business Recorder

Forex open Market rates & comments Archive

Login Form