Chairman of Auto Parts Manufacturers Exporters Association Tahir Javaid Malik has welcomed the decision to cut General Sales Tax on tractors from 16 per cent to five per cent and said it would give relief to tractor manufacturers, vendors and thousands of people attached with this industry. It would also give much-needed boost to the agriculture sector, he added.
In a press statement issued here Wednesday, Tahir Javed Malik said reduction in general sales tax of tractors would remove difficulties being faced by tractor manufacturers and vendors while employment of thousands workers would also be secured. He said government has taken a step in right direction as it would give boost to the moral of tractor manufacturers, vendors and other allied industries. He said that availability of tractors at cheaper prices would also help increase the production of agriculture in the country.