Wednesday, February 19, 2020

GIDC issue should be resolved with stakeholders’ consultations – EFP

Featured

A major reshuffle in the British Government

Several British government ministers have been fired in a drastic reshuffle by Prime Minister Boris Johnson. The list includes...

WHO: China-led expert team to investigate coronavirus

The World Health Organization (WHO) said on Sunday that a team of international experts led by the organization has...

Japan records 41 new cases of coronavirus among passengers of the cruise ship

The Japanese Ministry of Health announced today, Friday, that 41 other people were infected with the Corona virus among...
Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]
Chairman of EFP Economic Council (EFP-EC), Ismail Suttar has put forth before the PTI led government, an imperious demand towards the absolutely dire need of taking into confidence all key stakeholders, while addressing the long-standing issue of the Gas and Infrastructure Development Cess (GIDC) bills.

 

Addressing the emergent economic council of EFP, meeting Ismail Suttar, stressed on how the dispute between government and stakeholders can be resolved without taking major stakeholders into confidence such as the FPCCI, chambers and other trade bodies.

 

Any decision without the input of all the stakeholders can be an impediment in resolution of this issue. It was also noted how the former governments, instead of raising taxes from unregistered persons, picked a route of imposing taxation through GIDC. As this is, the infrastructure rates and the unavailability of it has rendered local industry as uncompetitive against cheap imports from china, and far eastern countries.

 

This GIDC will further hurt the weakening industry, and will eventually end up increasing the unemployment. As it is, the cost of infrastructure in Pakistan is much higher than in neighboring countries. The backbone any country depends on its local industry for import substitution and reduction in its export costs. Hence, we urge the government to think through this, and not take any decision in haste, without the input of EFP, FPCCI, and all major chambers.

Zubair Yaqoob
Zubair Yaqoob
The author has diversified experience in investigative journalism. He is Chief content editor at wnobserver.com He can be reached at: [email protected]

Latest News

A major reshuffle in the British Government

Several British government ministers have been fired in a drastic reshuffle by Prime Minister Boris Johnson. The list includes...

Canadian Prime Minister chairs a meeting to discuss Coronavirus

Canadian Prime Minister Justin Trudeau has convened an Incident Response Team meeting to discuss progress in the Canadian government’s response to the new Corona...

Koreans celebrate the historic victory of “Parasite” with Oscar

Celebrations were overwhelmed by social media in South Korea on Monday, after the black comedy film "Parasite" was awarded the first ever Oscar for...

WHO: China-led expert team to investigate coronavirus

The World Health Organization (WHO) said on Sunday that a team of international experts led by the organization has gone to Beijing to help...

Trump used celebration of his acquittal to attack intelligence and police

US President Donald Trump celebrated his exoneration in the US Senate’s isolation trial with a celebration speech in which he attacked the American intelligence...

Related News