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FPCCI suggests independent auditors to set ex-mill sugar price

Business April 27, 2021 LAHORE: Pakistan’s apex trade body has advised the government against fixing of ex-mill sugar prices in the Punjab and Khyber Pakhtunkhwa based on its own assessment and to rather appoint independent auditors for evaluation, it was learnt on Monday. The federal government is about to freeze retail sugar price in Punjab and Khyber Pakhtunkhwa as sugar prices have exorbitantly increased, according to the Federation of Pakistan Chambers of Commerce and Industry (FPCCI). “If the federal government wants to fix the price of sugar, the task may be assigned to four independent chartered accountant firms instead of government functionaries,” Nasir Hyatt Maggo, president of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in a letter to the Prime Minister Imran Khan.

FPCCI appreciates PM s directives on tax regime reforms

FPCCI appreciates PM’s directives on tax regime reforms National March 8, 2021 ISLAMABAD: The president of the Federation of Pakistan Chambers of Commerce and Industry, (FPCCI), Mian Nasser Hyatt Maggo, on Sunday, lauded Prime Minister Imran Khan for his visionary step to focus on tax regime reform, simplification of tax laws, plugging loopholes, minimising discretionary powers of tax collectors, and automation to bring transparency in taxing system. The FPCCI president, in a statement, said he had already invited the attention of the prime minister through his earlier letter and it was encouraging that the PM was equally concerned with the tax reforms for acceleration in growth. He said the prime minister showed his deep insight on the issues that were impeding economic growth with great attachment to the business community. Maggo added that the PM has rightly taken up the issue to reform in tax regime. “The structure of taxation in our country is regressive through indire

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