HYDERABAD: The President of the Hyderabad Chamber of Commerce and Industry (HCCI), Adeel Siddiqui, has said that tax exemptions to former federal and provincial-administered tribal areas are causing significant losses to Pakistan’s local edible oil and ghee industry.

He noted that receivables in the steel sector, edible oil and ghee industry were equivalent to hundreds of billions of rupees.

He maintained that traders would welcome an end to destructive policies such as tax exemptions.

In a statement issued on Saturday, Mr Siddiqui called for an audit to address the misuse of tax exemptions and sales evasion.

Published in Dawn, May 19th, 2024

Follow Dawn Business on Twitter, LinkedIn, Instagram and Facebook for insights on business, finance and tech from Pakistan and across the world.

Opinion

Editorial

Kindness needed
Updated 20 Jun, 2024

Kindness needed

This year’s World Refugee Day theme — solidarity with refugees — includes keeping our borders accessible and addressing the hurdles they face.
Fitch’s budget note
20 Jun, 2024

Fitch’s budget note

PAKISTAN’S ongoing economic crisis is multifaceted. At one end, the government must pursue stabilisation policies...
Cruelty to animals
20 Jun, 2024

Cruelty to animals

TWO recent incidents illustrate the immense cruelty many in this country subject voiceless animals to. In the first...
Price bombs
Updated 18 Jun, 2024

Price bombs

It just wants to take the easy route and enjoy the ride for however long it is in power.
Palestine’s plight
Updated 17 Jun, 2024

Palestine’s plight

While the faithful across the world are celebrating with their families, thousands of Palestinian children have either been orphaned, or themselves been killed by the Israeli aggressors.
Profiting off denied visas
Updated 19 Jun, 2024

Profiting off denied visas

The staggering rejection rates underscore systemic biases in the largely non-transparent visa approval process.