Withdrawal of sales tax on diesel engines, spare parts welcomed

Monday June 22, 2009

Lahore: The former central chairman of Pakistan Hardware Merchants Association (PHMA) Haji Muhammad Asif has welcomed withdrawal of sales tax on diesel engines and spare parts as it would benefit the textile and sugar industries.

Addressing a meeting of PHMA Asif said that only 7 out of 200 spare parts of diesel engine were manufactured in Pakistan and the remaining spare parts were being imported from China.

He said if the diesel engines and their spare parts were available on cheaper rates, then it would benefit the small farmers. "It will reduce the cost on crops and farmer will be more well to do and by which country shall progress further", he added.

He said the government should pay more attention to the needs of agriculture sector as it was backbone of country's economic and social stability. Asif said that industries were being shut down due to shortage of electricity as there was hardly any work for the industries to carry out. He said the elimination of electricity load shedding and progress of industries should be ensured.


(BRecorder)