APAT expresses satisfaction over Budget 2016-17

LAHORE: All Pakistan Anjuman-e-Tajiran (APAT) on Sunday expressed satisfaction over the proposed Budget 2016-17 by federal government, saying the overall budget is satisfactory and acceptable, with some exceptions and concerns.


While talking to reporters at Lahore Press Club, APAT General Secretary Naeem Mir along with other trade leaders including Chaudhry Mehboob Sirki, Agha Adnan, Raja Hassan Akhtar, Mian Khalil, Sohail Butt and Sheikh Irfan Iqbal said, the economy was on the right track and all economic indicators were moving in the positive direction and credit goes to the present government for this achievement.

He criticised the government for continued reliance on With Holding Tax (WHT) and demanding of the authorities to withdraw 2 percent increase on WHT on commercial electricity meters, explaining that traders are already paying 7.5 percent Sales Tax and 10 percent WHT on power bills. Moreover, turnover tax should be reduced to 0.2 percent from 0.5 percent.

He appreciated government plans to tighten the noose against non-filers but demanded to resume the Voluntary Tax Compliance Scheme for non-filers to broaden the tax net.