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Economic revival: LCCI seeks incentive package for trade, industry
The Lahore Chamber of Commerce and Industry has demanded from the government to announce incentive package for Corona-hit businesses for the sake of an early economic revival. The LCCI President Mian Tariq Misbah-Ur-Rehman expressed these views while talking to delegations of various associations here on Friday. The delegates sought LCCI help for business friendly government […]
The Lahore Chamber of Commerce and Industry has demanded from the government to announce incentive package for Corona-hit businesses for the sake of an early economic revival. The LCCI President Mian Tariq Misbah-Ur-Rehman expressed these views while talking to delegations of various associations here on Friday. The delegates sought LCCI help for business friendly government policies to overcome the challenges resulted by the COVID-19. He said that LCCI understands that the government has already done a lot but Corona effected industry still needs more facilitation for at least one more year.
The LCCI President also urged the FBR to immediately stop issuing notices to businessmen as it is not only creating undue harassment among them but also giving bad name to the government. The LCCI Chief said that the challenges our economy and business community is facing are unmatched, ‘We have not seen situations like this, massive scale lockdowns around the globe, airplanes grounded, movement restrictions, industrial shutdown of this size in our life time before, this was new and we were working on finding ways to restart again and in the process we lost too much from which many of us were unable to recover’, said Mian Tariq Misbah while talking about Corona lockdowns.
He said now after half year of inactivity, the FBR has started serving notices which are completely unnecessary and have shocked the taxpayers and businesses, adding we demand the Federal Board of Revenue (FBR) to stop these undue practices and support the dwindling economic situation.
Mian Tariq Misbah urged the FBR to take the business community into confidence when making policies, especially those policies which can upset the business activity, ‘we have always demanded from the government to make us relevant in decisions which involve economy because we understand the business community’s reservations and can guide the government to make suitable policies which are beneficial for the government in general and for the business community in particular, added Mian Tariq Misbah. In the end, Mian Tariq Misbah repeated his demand that FBR must stop issuing such notices which are causing a sense of harassment and panic in the business community because these notices would roll back all the efforts to restore economy and normalization of business activity, adding the present notices, which are undue and unnecessary, will also impact the businesses negatively.
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