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Abolition of ST on sugar sought
KARACHI, April 16: The first meeting of the FPCCI
standing committee on sugar and allied industries,
which was held on April 14, called for the
abolition of sales tax on sugar, which was the
only food item on which sales tax had been levied.
The meeting held under the chairmanship of
Amanullah Farooq, chairman of the standing
committee, noted that an estimated over one
million tons of sugar would be surplus this year.
He urged the government to either facilitate its
export or purchase the surplus stock.
He pointed out that all the major sugar producing
countries such as the US, the European Union,
Brazil, Cuba, Thailand, etc., were subsidizing
sugar exports, but regretted that the Pakistan
government was not supporting the proposal even
for self-supportive export of surplus sugar, says
a press release of the FPCCI.
The meeting agreed on close collaboration and
regular interaction between the FPCCI and the
Pakistan Sugar Mills Association (PSMA) for
resolving the problems of the sugar industry.
Shunaid Qureshi, chairman of the PSMA (Sindh
Zone), called for a firm government policy on
sugar export and holding of strategic stock as
part of a food security programme, which would
facilitate higher sugar production in future,
diminish import prospects, stabilize prices,
increase GDP, employment, rural development and
poverty alleviation.
The DAWN |
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Pakissan.com; Advisory Point
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