Tag Archives: industry

LAHORE: Industry representatives and public have criticised the government over its plans to impose 18 per cent General Sales Tax (GST) on locally produced infant formula milk and baby food. They said the heavy taxation would worsen malnutrition among infants and children as parents would be compelled to choose cheaper and unhealthy alternative feeding solutions. According to the budget proposal presented by the finance …

LAHORE: Industry representatives and public have criticised the government over its plans to impose 18 per cent General Sales Tax (GST) on locally produced infant formula milk and baby food. They said the heavy taxation would worsen malnutrition among infants and children as parents would be compelled to choose cheaper and unhealthy alternative feeding solutions. According to the budget proposal presented by the finance …

• Says budget lacks any initiative to attract investment, broaden tax net, create jobs; anomalies remain unresolved KARACHI: Reacting to the imposition of new taxes and other harsh measures by the finance minister in his winding budget speech, the business community on Saturday said the budget for next fiscal year lacked focus on tapping resources for future development and broadening the tax …