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Monday, November 18, 2024

Home Business SRO 889 to cause more problems for industry

SRO 889 to cause more problems for industry

by News desk
October 9, 2020
in Business

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Observer Report

Karachi

The Karachi Chamber of Commerce and Industry has drawn the attention of Dr. Abdul Hafeez Shaikh, Advisor to Prime Minister for Finance to the SRO.889 (I)/2020 dated 21.09.2020 issued by FBR, whereby amendments have been made in Sales Tax Rules 2006 which in fact is the proverbial last straw on camel’s back.
A new Chapter XIV-BA has been added which seeks to install digital monitoring equipment and video cameras with sensors in many industries to monitor their production.
Commenting on the said SRO, President KCCI M. Shariq Vohra said that such measures will only lead to deindustrialization because the industrialists are already fed up with many issues and problems associated with running the industry.