LAHORE: The Lahore Chamber of Commerce and Industry (LCCI) and the Pakistan Goods Transporters Association have jointly urged the federal government to withdraw the increase in withholding tax on logistic services announced in the federal budget for 2025-26 and swiftly address other critical issues confronting the transport sector.
Speaking at a press conference at the LCCI, Chamber President Mian Abuzar Shad called the increase in withholding tax on logistic services from 4% to 6% a harsh and unjustified blow to the goods transport sector, which is already struggling for survival.
He said that such a move could push the sector to the brink of collapse and demanded that the government immediately reverse the decision and reinstate the previous 4% tax rate.
The LCCI president said that the only general truck stand in Lahore, located on Ravi Link Road, was insufficient due to the city’s expanding population and commercial activity.
He urged the Punjab government to allocate land outside city limits for establishing a modern, international-standard truck terminal, which would facilitate the relocation of goods forwarding agencies outside of urban areas. “This move will help reduce traffic congestion, lower environmental pollution and improve logistic efficiency.”
