The decision to hike the general sales tax on locally-made cars of 1400 cc and above to 25 per cent, coupled with currency devaluation, has dealt a severe blow to our automobile industry. Sales have plummeted by almost half in the first seven months of the current fiscal year, affecting parts manufacturing and employment. This decline translates to decreased tax revenue, while energy prices and financing rates soar.
The decision to raise taxes on local vehicles favours imports and burdens the middle classes. Customers would be greatly benefitted if the authorities reconsider this policy, engage in dialogue and seek sustainable solutions that foster growth rather than stifle it.
Qasim Haider
Karachi
I would like to congratulate Dr Ikhtiar Baig on his successful win from NA-241. As a resident of this constituency, I...
When our neighbour’s house was being renovated, one worker had the job of taking a load of bricks to the upper...
It has been around a year since the government established the Special Investment Facilitation Council to attract...
The PML-N has been given another chance to serve the country but does not appear to have learnt any lessons from its...
Over the last decade, there has been a mushroom growth of private housing schemes across the country. No doubt, the...
This letter refers to the news report ‘Punjab cabinet approves Nawaz Kisan Card’ . While it would be all right for...