Chinese Investors Should Consider Locally Produced Inputs: President LCCI
Lahore, 24 May – President of the Lahore Chamber of Commerce & Industry Sheikh Muhammad Arshad has said that the Lahore Chamber would leave no stone unturned to raise the voice of business community. Government should avoid imposition of new taxes in the federal budget and should resolve the issue of withholding tax so that business community could play its due role in economic uplift of the country.
He was talking to a high-powered delegation of various markets, led by Khalid Pervez, here at the Lahore Chamber of Commerce & Industry on Tuesday. The LCCI Vice President Nasir Saeed and former LCCI President Muhammad Ali Mian also spoke on the occasion while other members of the delegation were Abdul Razzaq Bubber, Mujahid Maqsood Butt, Mian Waqar, Babar Ali, Ghulam Sarwar Malik, Shahid Bilal and others.
Sheikh Muhammad Arshad said that business community is backbone of the economy therefore government would have to resolve withholding tax, difficult taxation system, double taxation and undue interference of government departments in business activities related issues on priority.
The LCCI President said that ongoing projects under CPEC have direct relation with economic development. He urged the government to ensure that concerned Chinese investors and companies engaged in CPEC must consider the indigenously produced inputs from Pakistan except those goods which are not produced locally.