ISLAMABAD: The Islamabad Chamber of Small Traders on Sunday asked the government to review taxes slapped on the dairy sector, as it would result in widespread malnutrition and discourage foreign investors.
“The government should not increase taxes on the dairy sector, rather it should be given status of zero-rated industry, said Islamabad Chamber of Small Traders patron Shahid Rasheed Butt.
He said that the new tax slapped on the dairy sector would hit infants the most as almost half of the child population in the country was already stunted.
Butt said that 17% tax in dairy inputs, and 25% regulatory duty on import of dry milk was unacceptable as importers were already paying 20% customs duty on milk imports. He said that budgetary measures have already deterred a European multinational company which had planned to invest $500 million in Pakistan.
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