Flour-millers optimistic about deal with govt over WHT

Federal government and flour-mill owners have reached an agreement to resume wheat grinding across the country after

By Our Correspondent
July 22, 2024
A representational image of a man carrying bags of flour. — Reuters/file
A representational image of a man carrying bags of flour. — Reuters/file

LAHORE: The flour-mill owners have expressed optimism about striking a deal with the federal government regarding imposition of withholding tax (WHT) and after that they will withdraw their call for strike.

A senior member of Pakistan Flour Mills Association said here on Sunday that back-to-back meetings with representatives of federal government had been going on almost on daily basis. “We are quite hopeful about a positive outcome on Monday (today),” he added.

In view of the first 10 days of Muharram, the federal government and flour-mill owners have reached an agreement to resume wheat grinding across the country after a three-day pause following assurances extended by the government about giving a sympathetic view to the latter’s demand for abolishing the withholding tax on the supply chain.

It may be noted that flour mill owners deferred strike on July 12 for 10 days, till July 22, 2024 as they reached an agreement with the federal government and to resume wheat grinding across the country after observing strike for three days.