Hub is going to have a dry port very soon as the Federal Board of Revenue (FBR) has accorded the establishment of 13th dry port in the country.
The decision was made following a meeting of FBR Chairman Tariq Bajwa with a delegation of Lasbela Chamber of Commerce and Industry (LCCI) led by its President Ismail Suttar Friday.
Suttar told reporters that the FBR chairman had also agreed that the inland revenue collected from taxpayers having their business premises at Lasbela District would be accounted for in the revenue generated in Balochistan, irrespective of its collection anywhere in the country and being reported by any methodology by the authorised banks.
The chairman FBR also agreed to provide total figures of the inland taxes generated from Hub and other parts of Lasbela District, so that the government of Balochistan may assess the potential of tax generation in the area enabling them to provide further infrastructure and incentives for industrial progress in the province.
Member FBR Inland Revenue (Operations) has been given the responsibility of providing the data of the revenue collection from Balochistan.
During the meeting, Iqbal Ismail, chairman LCCI taxation sub-committee, raised the issue of inordinate delay in the issuance of sales tax refund cheques even after the issuance of RPOs. Tariq Bajwa agreed that the issuance of refund cheques were being delayed but he would try to reduce the time of issuance of such cheque to reasonable limit.
On the request of Ismail Suttar, President LCCI Tariq Bajwa agreed in principle to establish the Customs Dry Port at Hub which would certainly provide an incentive to the investors and the industries currently operating at Hub and other parts of Balochistan would contribute to the economic progress of Balochistan and its people.
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