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Trade leaders oppose new tax on big houses

15 September, 2010

KARACHI: The business community has expressed reservations over the imposition of a new tax on big houses as suggested by the President Asif Zardari in a recent meeting with the representatives of trade bodies, said S M Muneer, president, Pak-India Chamber of Commerce and Industry in a statement on Tuesday.

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Speaking at a dinner hosted in honour of outgoing Administrator, DHA, Brig. Khalid Masood Tirmizi and incoming President, Clifton Cantonment Board, Brig. Anis Ahmed at a local hotel, Muneer said that following sheer objection by the business community to impose Flood Relief Tax, Zardari suggested to impose house tax on houses measuring more than 1,000 square yards to raise Rs8 billion for flood victims.

The representatives of trade bodies in that meeting had opposed the levy of house tax because many pensioners and old people live in and live on the rent from some of these houses.

He said that firm measures would have to be taken by the government to rehabilitate the flood victims and revive the economy. He strongly opposed to go into the shackles of IMF and World Bank once again. “We have to pay $8 billion as debt servicing next year and I ask government where this amount will come from.”

He advised the government to stick to seek loans write-off, waiver of interest, and re-scheduling of previous loans. He further advised the government to minimize the non-developmental expenditures, withdraw massive perks and privileges to ministers, assembly, and government officers etc to raise funds for rehabilitation of the IDPs.

He said that he committed with the government to provide 100,000 bags of relief goods to the IDPs and so far 25,000 bags have been sent already and 1,000 bags are being sent on daily basis.

President of Pakistan Businessmen and Intellectuals Forum, Mian Zahid Husain said that business community was providing provide maximum possible assistance to the IDPs.

Zahid Hussain said that Brig Khalid he has done a remarkable job during his tenure and improved DHA’s entire infrastructure.

Senator, Abdul Haseeb Khan, MNA, Khushbakht Shujaat, Sardar Yasin Malik, Khalid

Tawab, Brig Khalid Tirmizi and Brig Anis Ahmed also spoke on the occasion.


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