Govt should reduce taxes on new cars in the mini-budget: Sheikh Asif Idrees
RAWALPINDI ( Web News )
Sheikh Asif Idrees, President, Chamber of Small Traders and Small Industries, has said that the government should reduce taxes on new cars in the mini-budget and provide space for industrial estate zones to promote local assembly. Now that the purchasing power of the common man is running out, it is imperative that the current import tax on used cars be abolished locally.
He expressed these views while addressing the convention of All Pakistan Car Dealers Association Punjab. President of All Pakistan Traders Ajmal Baloch, President of Central Association of Traders Punjab Shahid Ghafoor Paracha and other leaders were also present on the occasion. Congratulating the officials and members of the executive, they said that their concerns and demands would be raised on every platform. Import tax on old cars will be reduced. All shopkeepers, dentists, painters, mechanics, car dealers and millions of people are employed. Making import expensive is not the solution. Promotion of local industry. Time is of the essence. Assembling should be allowed. Taxes on imported parts should be reduced on local assembly.
He said that with the increase in duty new cars are becoming out of reach while the manufacture of local cars would provide employment to millions of people and help the government to improve the economy. By abandoning the dual policy, the people He assured all the officials that from the platform of the Chamber, their issues would be conveyed to the Standing Committee on Finance, FBR and the Ministry of Commerce and Industry.