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PPA seeks 50pc rebate on power bills for 1 year, urges banks to reschedule agri loans

byCustoms Today Report
01/03/2015
in Business
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LAHORE – The Pakistan Poultry Association has appealed for an immediate relief package to save the farmers, proposing the government to suspend recovery of all taxes of local, provincial and federal at least for one year. New loans should be given on soft terms while 50% rebate should be given on electricity bills for one year.

The appeal was made in a letter addressed simultaneously to Punjab chief minister and secretary livestock. PPA North Zone Chairman Dr Mustafa Kamal suggested that all the loans of poultry should be rescheduled by the banks and recovery should be deferred for 2 years.

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He demanded that cash compensation should be given to the farmers according to following Proposed formula: Rs 35 per kg to the broiler farmers for all the broiler produced in 2014 and 2015; Rs 5 per chick to all day old chick producing hatcheries for last one year; Rs 20 per dozen of eggs produced: import duty on feed ingredients like soybean should be withdrawn: sales tax on soybean meal import be withdrawn; sales tax on electricity bills be withdrawn; and 75% rebate on freight for export and 20% export subsidy should be issued.

 

 

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