AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Islamabad, June 23, 2018 (PPI-OT): Islamabad Chamber of Small Traders on Saturday said the elements opposing tax amnesty scheme and spreading rumours are enemies of Pakistan. An extension in the deadline of this matchless scheme will help country raise billions of dollars which are badly needed to keep the country afloat, it said.The extension is the deadline of the scheme is only possible through a presidential ordinance as thecaretaker setup is in no mood to exceed its mandate, said Patron Islamabad Chamber of Small Traders Shahid Rasheed Butt.
He said that the PML-N government took a lot of time for the announcement of the scheme leaving its implementation on the caretakers who are managing it well.Shahid Rasheed Butt said that it must be realised that flaws in the scheme, technical weaknesses, the arrival holy month of Ramadan, rumours and court issues kept people undecided and confused about the scheme.
Moreover, abrupt and radical changes in the policies are the part of the political culture of the country which has never gone down well with the business community.Now, when the business community has realised the importance of the scheme they should be given a chance which will help the government raise money to tackle current account deficit, improve the balance of payments situation and infuse confidence in the business community.
The business leader said that Pakistanis sent over fifteen billion dollars abroad through legal channels out of the country while it is safe to assume that money sent through illegal channels would be even more which damaged forex reserves and eroded the exchange rate.Now when they are bringing back the money they deserve some time. Another such scheme is not possible anytime soon.
For more information, contact:
Islamabad Chamber of Small Traders and Small Industry (ICSTSI)
24-D, 3rd Floor, Rashid Plaza Blue Area, Jinnah Avenue, Islamabad, Pakistan
Phone: +92-51-2801045
Email: icstsiofficial@gmail.com, info@icstsi.com.pk
Website: http://icstsi.com.pk/