Govt Offers Incentives to Ghee & Cooking Oil Industry For Reducing Prices
The government has offered the ghee and cooking oil industry to reduce prices of ghee and cooking oil to avail reduction in duties and taxes including abolition of 2 percent additional customs duty (ADC) and withdrawal of restriction on 100 percent input tax adjustment.
A senior official in the Ministry of Industries & Production told ProPakistani that Federal Minister for Industries & Production, Muhammad Hammad Azhar held a meeting with the ghee and cooking oil industry on Friday at the Ministry.
Muhammad Hammad Azhar stresed the need for reducing the prices of the ghee and cooking oil to provide maximum relief to the general public. However, industry gave a detailed presentation to the Minister to highlight the factors responsible behind the increase in prices of the commodity.