Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
  • Home
  • Islamabad
  • Karachi
  • Lahore
  • National
  • Transfers and Postings
  • Chambers & Associations
  • Business
No Result
View All Result
Customs Today
No Result
View All Result
Home Breaking News

Businessmen contributing over Rs2400b in custom duty other taxes to national kitty

byM Hayat
20/10/2020
in Breaking News, Lahore, Latest News
Share on FacebookShare on Twitter

LAHORE: The business community has been contributing over Rs626 billion as customs duty, Rs250 billon as federal excise duty (FED) and Rs1596 billion as sales tax to national exchequer and the government should assist employees who were working in the shops and offices of Hafeez Center.

The Lahore Chamber of Commerce and Industry on Monday gave an SOS call to the government for early compensation to affectees of Hafeez Center tragedy while office bearers of LCCI urged the government to play its leading role in rehabilitating the building of Hafeez Center and should also bear the expenses incurred in this regard.

You might also like

Pakistan cement despatches fall 21% in May as domestic sales, exports decline

03/06/2026
xr:d:DAFUw169jpg:16,j:2231928652156531663,t:23063008

IMF pushes govt to end ex‑FATA, PATA tax relief

03/06/2026

Addressing a well-attended hurriedly called press conference, the President Mian Tariq Misbah flanked by Senior Vice President Nasir Hameed Khan and Vice President Tahir Manzoor Chaudhry and executive committee invited the attention of the government towards the plight of Hafeez Center fire victims.

The Hafeez Center tragedy has caused irreparable damage to the property, shops and businesses of thousands of people, the effects of which will be felt for decades to come.

Traders, shopkeepers and people associated with Hafeez Center should be redressed and the government should formulate a plan of action to compensate them for their losses.

They appreciated the services of the media and said that “we pay tribute to the media for the diligence with which they covered the incident throughout the day, adding “the performance of rescue, police, army, disaster management, district administration and allied agencies is also  commendable”.

Officials of LCCI said that they were deeply saddened by the tragedy at the Hafeez Center. The business community already has many problems because of Corona and this tragic incident has caused an irreversible loss to the businesses.

“We welcome the move as the government has immediately constituted a 14-member committee which will submit its preliminary report in 24 hours and a full report in a week estimating the losses,” they said.

They said that the Lahore Chamber extends its heartfelt condolences to the business community of Hafeez Center and demands immediate redressal of their grievances.

“We demand that the government immediately announce cash compensation to the affected businessmen as soon as the loss estimate report is received”, they added.

Related Stories

Pakistan cement despatches fall 21% in May as domestic sales, exports decline

byCT Report
03/06/2026

ISLAMABAD: Pakistan's cement industry recorded a sharp decline in sales during May 2026, with total cement despatches falling 21.02% year-on-year...

xr:d:DAFUw169jpg:16,j:2231928652156531663,t:23063008

IMF pushes govt to end ex‑FATA, PATA tax relief

byCT Report
03/06/2026

ISLAMABAD: The federal government is preparing to end tax exemptions for former tribal areas in the upcoming 2026‑27 budget. Officials...

Govt mulls tax relief package for exporters in Budget 2026-27

byCT Report
03/06/2026

LAHORE: The federal government is reportedly preparing a package of tax relief measures for exporters as part of the upcoming...

Pakistan offers Maritime projects to Saudi investors

byCT Report
03/06/2026

KARACHI: Saudi Arabia has signalled its intent to invest in the maritime sector of Pakistan, including the strategically important Gwadar...

Next Post

Sindh govt starts releasing wheat quota for flour mills

  • Terms and Conditions
  • Disclaimer

© 2011 Customs Today -World's first newspaper on customs. Customs Today.

No Result
View All Result
  • Transfers and Postings
  • Latest News
  • Karachi
  • Islamabad
  • Lahore
  • National
  • Chambers & Associations
  • Business
  • About Us

© 2011 Customs Today -World's first newspaper on customs. Customs Today.