Increase in valuation of decoration lights to hit traders

Salim Ahmed

Lahore—The Directorate General of Valuation has been asked to withdraw huge increase in valuation of decoration lights.
While talking to a delegation of Shahalam Market, led by Talha Tayyab Butt and Shahrukh Jamal, the LCCI President Abdul Basit said that massive increase in valuation would not only be hitting the traders hard but also bound to affect the celebrations of Eid Milad-un-Nabi because these lights are used on this auspicious occasion at large scale. He said that Federal Finance Minister, Chairman Federal Board of Revenue and Directorate General of Valuation should take immediate notice of the matter that is adding to worries of traders. LCCI Vice President Muhammad Nasir Hameed Khan was also present on the occasion.
The delegation members informed the LCCI office-bearers said that a large number of containers loaded with decoration lights (rice lights) are standing at Lahore and Karachi as traders are unable to get these containers. cleared due to heavy increase in valuation of decoration lights.

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