SCCI expresses concern over issuance of SRO 351 (1) 2014

SIALKOT: Sialkot Chamber of Commerce and Industry (SCCI) has expressed grave concern over the issuance of SRO 351 (I) 2014 as it would create multiply problems for business community.

Taking to the newsmen at SCCI here on Monday, SCCI President Dr. Sarfraz Bashir said that the business community was unable to understand the logic behind issuance of SRO 351 (1) 2014 that has created a parallel assessment organization in the presence of Large Taxpayer Units (LTUs) and Regional Tax Offices (RTOs).

SCCI Chief narrated that SRO 351 (I) 2014 was issued under a well thought-out plan to tarnish the image of business friendly government. He appreciated that government was working day and day to promote economic activities in the country but a few elements were working against the interest of government and the people.

He said that the shortage of electricity and gas had already pushed the businesses to the wall and they were struggling for survival therefore such measures should be avoided otherwise businesses would be eliminated.

At the point when both the private sector and government were putting in their best efforts to attract foreign investment in the country, the SRO 351 (I) 2014 would hit hard these measures.

President SCCI said that the SRO 351 (I) 2014 would also create a rift like situation among various government institutions as the powers given to DG Intelligence and Investigation, Inland Revenue, would severely affect the working of LTUs and RTOs.

Dr. Sarfraz Bashir said that it was very unfortunate that the SRO 351 (I) 2014 was issued without consulting the Chambers of Commerce and Industry in the country despite the assurance of the Prime Minister of Pakistan Mian Muhammad Nawaz Sharif and Federal Finance Ishaq Dar that no unilateral economic policy decision would be taken in future.

He said that after the issuance of SRO 351, many government agencies would interfere in the smooth running of businesses that would ultimately hit the government revenues because the business people would more concentrate on provision of various kinds of documents instead on expansion of business.

He urged the Prime Minister Mian Nawaz Sharif to look into the issue and direct the Chairman Federal Board of Revenue to immediately withdraw SRO 351 (I) 2014.

The post SCCI expresses concern over issuance of SRO 351 (1) 2014 appeared first on Pakistan Press International.

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