{"id":63464,"date":"2020-03-31T16:22:07","date_gmt":"2020-03-31T11:22:07","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=63464"},"modified":"2020-03-31T16:22:08","modified_gmt":"2020-03-31T11:22:08","slug":"pbc-suggests-relief-package-help-business-community","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pbc-suggests-relief-package-help-business-community.html","title":{"rendered":"PBC suggests relief package to help business community"},"content":{"rendered":"\n<p>Karachi: The Pakistan Business Council (PBC) \u2013 while welcoming the government\u2019s relief package \u2013 recommended provisions of another package specifically for the business community, a news source reported.\u00a0 <\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/corona-relief-tigers-force-to-distribute-supplies-locked-down-areas.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Corona Relief Tigers Force established; youth to distribute supplies in locked down areas (opens in a new tab)\">Corona Relief Tigers Force established; youth to distribute supplies in locked down areas<\/a><\/p>\n\n\n\n<p>PBC Chief Executive Officer (CEO) Ehsan A Malik shared the council\u2019s proposed relief plan draft in a letter to the Advisor to the Prime Minister on Finance Dr Abdul Hafeez Shaikh. The draft proposes deferring and foregoing certain taxes from the private sector. Instead PBC proposes measures to retain employees and assisting the cash flow of manufacturing industries during the difficult time. <\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/fifth-plane-relief-supplies-china.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Fifth plane with relief supplies arrives from China (opens in a new tab)\">Fifth plane with relief supplies arrives from China<\/a><\/p>\n\n\n\n<p>In particular, the letter focuses on breaking down the sales\ntax and excise duty for the three month period between February and April to be\npaid in six monthly instalments starting from July 2020. <\/p>\n\n\n\n<p>The letter further recommended that the 3% sales tax applied\nat the import stage be abolished. Additionally, the letter also seeks reducing\nturnover tax from 1.5% to 0 for the Tax Years 2020 and 2021. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: The Pakistan Business Council (PBC) \u2013 while welcoming the government\u2019s relief package \u2013 recommended provisions of another package specifically for the business community, a news source reported.\u00a0 Read: Corona Relief Tigers Force established; youth to distribute supplies in locked down areas PBC Chief Executive Officer (CEO) Ehsan A Malik shared the council\u2019s proposed relief plan draft in a letter to the Advisor to the Prime Minister on Finance Dr Abdul Hafeez Shaikh. The draft proposes deferring and foregoing certain taxes from the private sector. Instead PBC proposes measures to retain employees and assisting the cash flow of manufacturing industries during the difficult time. Read: Fifth plane with relief supplies arrives from China In particular, the letter focuses on breaking down the sales tax and excise duty for the three month period between February and April to be paid in six monthly instalments starting from July 2020. The letter further recommended that the 3% sales tax applied at the import stage be abolished. Additionally, the letter also seeks reducing turnover tax from 1.5% to 0 for the Tax Years 2020 and 2021.<\/p>\n","protected":false},"author":57,"featured_media":63467,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[24728],"persona":[],"class_list":{"0":"post-63464","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-pbc-suggests-relief-package-to-help-business-community"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PBC suggests relief package to help business community - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: The Pakistan Business Council (PBC) \u2013 while welcoming the government\u2019s relief package \u2013 recommended provisions of another package specifically\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pbc-suggests-relief-package-help-business-community.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PBC suggests relief package to help business community - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: The Pakistan Business Council (PBC) \u2013 while welcoming the government\u2019s relief package \u2013 recommended provisions of another package specifically\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pbc-suggests-relief-package-help-business-community.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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