Tuesday 20 March 2012

New FBR laws feared to cause dearth of pulses

 

KARACHI: After the imposition of stringent conditions by the Federal Board of Revenue (FBR) brokers have stopped purchasing pulses with immediate effect, Geo News reported.
Brokers, while talking to Geo News said that the compulsory requirement of NTN or CNIC number of each and every purchaser/seller and payment of tax through bank were practically almost impossible for the traders to manage.

On the other hand importers reported that brokers in order to avoid falling into the "tax-net" had cut down on the orders drastically. They were of the view that 25 percent of the total pulses consumed in the country is imported, adding given the circumstances they fear a shortage was in the making.

They demanded of the authorities to take action before a dearth of the commodity may stoke inflation further.

No comments:

Post a Comment