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MCCI asks govt to give 10-year tax relief to South Punjab

MCCI asks govt to give 10-year tax relief to South Punjab

MULTAN: Multan Chamber of Commerce & Industry (MCCI) has demanded the government to declare South Punjab as tax-free zone for 10 years to attract the investors and other incentives.

The entire business community of the region has also lauded the measures and package announced by Prime Minister Nawaz Sharif for economic revival.

MCCI President Khawaja Muhammad Usman said that due representation be given to South Punjab in the PM Business Advisory Council and hoped that comprehensive reforms package would surely encourage business and investment opportunities in the country. He said that establishment of Business Advisory Council (BAC) was a good step, which would help in enhancing business activities and attracting foreign investment to the country.

Khawaja Usman said that incentives for the highest taxpayers of the country as well as those bringing themselves voluntarily under the tax net. He also hailed the government’s step to issue Privilege Cards to 400 highest taxpayers to entitle them for VIP airport lounge, fast track clearance, gratis passport and baggage allowance worth $5,000.