Lahore: The Lahore Chamber of Commerce and Industry (LCCI) on Monday urged the government to refrain from questioning businesspersons on their sources of income for a period of 2 years to boost the national economy — a news source reported.
The LCCI officials further requested that interest payments, and electricity and gas bills should be deferred for half a year in order to help businesses improve their cash flows. The business representatives also suggested that the government should bear the cost of salaries for six months — with a proposal for the businesses to pay back the amount in easy instalments over a period of two years.
They additionally proposed that the sales tax should be removed on the import of plant machinery, and equipment and components for balancing, modernisation and replacement (BMR) of all existing industrial units — including small and medium enterprises (SMEs).
Furthermore, they suggested that electricity tariffs should be reduced keeping in view the lowered prices of oil around the world.
