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Pak ECC asks for review of tax exemption on cotton seed

26
Dec '19
Pic: Shutterstock
Pic: Shutterstock
The Pakistani cabinet’s Economic Coordination Committee (ECC) recently asked the finance division to review a proposal seeking 5 per cent sales tax exemption on cotton seed cake. The meeting, chaired by finance adviser Hafeez Shaikh, referred the matter to the division for examination and asked it to submit a report in the next ECC meeting.

The ECC approved a technical supplementary grant of Rs4.05 billion that lapsed during fiscal 2018-19 under the Sustainable Development Goals Achievement Programme (SAP).

The re-allocated funds would be used under the SAP to make specific interventions as per demand of the community across the country in line with UN conventions, according to an official press release.

Fibre2Fashion News Desk (DS)


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