Pakistan Hi-Tech Hybrid Seed Association Sunday demanded of the government immediate withdrawal of 17% Sales Tax on all kinds of agricultural seeds to avoid shifting of its burden on poor people besides fully protecting planned Chinese investment on “China Hybrid Agriculture Model and Transfer of Technology” under phase-II of CPEC.
Presiding over Executive Committee meeting of the association here Sunday, Chairman Shahzad Ali Malik said it will definitively jeopardise envisioned investment avenues in agriculture sector and act as disincentive for Chinese investors in relation to their planned investments in CPEC having major focus on “ China Hybrid Agriculture Model and Transfer of Technology”.
He said agriculture together with agro based products fetches sizeable chunk of country’s total exports earnings.—APP
