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UNISAME calls for cut in
cosat of utility charges
Karachi—The Union of Small and Medium Enterprises (UNISAME) in its
budget proposals has called upon the Government that Production Cost
of utility charges must be lowered owing to reduce in cost of
production. It also called for simplification in sales tax and
modification in income tax while the tax exemption limit must be
enhanced from Rs 150,000 to Rs 300000 and reduction in import duties
should be announced in coming budget which will, it said, cause in
reduction in smuggling of commodities, said a statement issued here
Sunday.
UNISAME in its proposals suggested tax holiday for new units because
this would encourage investment in the country while full refund of
import duty should be made necessarily, if item re-exported. The
union said, “We can re-export imported goods to countries which
import other items from us which would ultimately resulted in
increase of exports.” It further suggested that zero duty on import
of machinery for all industries should be announced which will
reduce cost of plants.
Refinance at the rate of 6 percent for machinery must be announced
in next budget while leasing of local and imported machinery without
equity and easy installments on hire purchase be allowed. “Land
should be given to new units at concessional rates which will make
land affordable for smaller industrialists”, UNISAME demanded and
said, Balancing, replacement and modernization finance at very
reasonable rates to encourage adoption of modern technology. In
response to the request of the SMEDA, the UNISAME proposed to the
Ministry of Finance to prepare a budget based on giving much needed
relief to the common man.
President UNISAME, Zulfikar Thaver is of the view that common man is
burdened with high cost of utilities, taxes, duties and major
portion of his income goes in meeting these claims and nothing
remains to overcome other social obligations. He stated medical
care, law and order, education, supply of pure drinking water and
infrastructure were the responsibilities of the state and the state
is duty bound to provide these necessities to the citizens. He said
the Federal Minister for Finance Isaaq Dar minister is a man of
vision and well wisher of the SMEs.— APP
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