KARACHI: President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Mian Nasser Hyatt Magoo on Tuesday called for equal taxation for imported and locally-produced Liquefied Petroleum Gas (LPG) to provide local industry a level playing field.

The FPCCI is not against the import of LPG but it is against disparities in taxation, he said while speaking at the first meeting of FPCCI’s Standing Committee on LPG. LPG imports should continue until local producers can meet the demand in full, he added.

“Business acumen says the share of imported LPG is bound to increase in Pakistan under current circumstances,” Mr Magoo said while asking the LPG stakeholders to inform the Federal Board of Revenue’s Anomaly Committee of the demand for equal taxation. Large oil refineries producing LPG in Pakistan should also raise their voice and support their distributors, he said.

FPCCI Standing Committee on LPG’s convener Muhammad Ali Haider said the local industry was under tremendous pressure against imported LPG — the latter has lower taxation and no regulatory duty (RD). The LPG sector needs immediate intervention and assistance from the government, he added.

Out of the total demand of 650,000-700,000 tonnes of LPG per year, the share of local industry is 60 per cent as compared to 40pc imports. The share of imported LPG increases to 40 per cent from 30pc during winters on account of rising demand.

The FPCCI demanded a new LPG Policy 2021 and stressed that it should be approved by the government to update the policy framework for LPG sales in the country.

Published in Dawn, July 7th, 2021

Most Popular



27 Nov 2021

Supporting ECP

ALTHOUGH the government bulldozed legislation on electronic voting machines through parliament, the reality is that...
27 Nov 2021

Forgiving the Taliban

IF there is one takeaway from Thursday’s gathering of more than 1,000 Shia Hazaras in Kabul, it is the call given...
Living in fear
Updated 27 Nov 2021

Living in fear

THE registration of a blasphemy case against four members of a family from a village on the outskirts of Lahore has...
26 Nov 2021

State Bank’s projections

THE macroeconomic projections listed by the State Bank of Pakistan in its annual report on the nation’s economy...
Ad distribution
Updated 26 Nov 2021

Ad distribution

If present govt can muster will to achieve this task it would set a solid precedent that no future govt would find easy to undo.
26 Nov 2021

Messy passengers

NEWS that passengers on a PIA flight from Manchester to Islamabad left so much litter on the plane that it led to a...