{"id":65483,"date":"2020-05-15T09:41:00","date_gmt":"2020-05-15T04:41:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=65483"},"modified":"2020-05-14T16:43:53","modified_gmt":"2020-05-14T11:43:53","slug":"pbc-recommends-measures-reduce-cost-business-budget-2020-21","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pbc-recommends-measures-reduce-cost-business-budget-2020-21.html","title":{"rendered":"PBC recommends measures to reduce cost of business in Budget 2020-21"},"content":{"rendered":"\n<p>Islamabad: The Pakistan Business Council (PBC) on Wednesday recommended that the government should work on reducing the cost of business through the upcoming Budget 2020-21 in order to facilitate both small and medium-sized enterprises (SMEs), a news source reported.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/pbc-suggests-relief-package-help-business-community.html\" target=\"_blank\" rel=\"noreferrer noopener\">PBC suggests relief package to help business community<\/a><\/p>\n\n\n\n<p>In an online seminar held by the Sustainable Development Policy Institute (SDPI) to discuss the issues surrounding Pakistan\u2019s economy, PBC Resident Director Saud Bangash said that considering prevailing situation of Pakistan economy, the best way to help the affected businesses is to lower the sales tax and reinstate the zero-rated tax regime for export-oriented sectors \u2013 which will also help reduce cost of businesses.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/imf-consultations-on-tax-free-budget-2020-21-expected-after-eid-ul-fitr.html\" target=\"_blank\" rel=\"noreferrer noopener\">IMF consultations on \u2018tax-free\u2019 Budget 2020-21 expected after Eid-ul-Fitr<\/a><\/p>\n\n\n\n<p>Karachi Chamber of Commerce and Industry (KCCI) former Senior Vice President Ibrahim Kasumbi recommended that the electricity tariff should also be reduced to pass on the benefit of lower oil prices to the consumers. He further went on to say that the incumbent government should focus on bringing the informal sector into the tax net.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Pakistan Business Council (PBC) on Wednesday recommended that the government should work on reducing the cost of business through the upcoming Budget 2020-21 in order to facilitate both small and medium-sized enterprises (SMEs), a news source reported. Read: PBC suggests relief package to help business community In an online seminar held by the Sustainable Development Policy Institute (SDPI) to discuss the issues surrounding Pakistan\u2019s economy, PBC Resident Director Saud Bangash said that considering prevailing situation of Pakistan economy, the best way to help the affected businesses is to lower the sales tax and reinstate the zero-rated tax regime for export-oriented sectors \u2013 which will also help reduce cost of businesses. Read: IMF consultations on \u2018tax-free\u2019 Budget 2020-21 expected after Eid-ul-Fitr Karachi Chamber of Commerce and Industry (KCCI) former Senior Vice President Ibrahim Kasumbi recommended that the electricity tariff should also be reduced to pass on the benefit of lower oil prices to the consumers. He further went on to say that the incumbent government should focus on bringing the informal sector into the tax net.<\/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":[15153],"tags":[29140],"persona":[],"class_list":{"0":"post-65483","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-trade","8":"tag-pbc-recommends-measures-to-reduce-cost-of-business-in-budget-2020-21","9":"cat-15153-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PBC for reduction in cost of business through budget - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Pakistan Business Council (PBC) on Wednesday recommended that the government should work on reducing the cost of business through the upcoming Budget 2020-21 in order to facilitate both small and medium-sized enterprises (SMEs), a news source reported.\" \/>\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-recommends-measures-reduce-cost-business-budget-2020-21.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PBC for reduction in cost of business through budget - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Pakistan Business Council (PBC) on Wednesday recommended that the government should work on reducing the cost of business through the upcoming Budget 2020-21 in order to facilitate both small and medium-sized enterprises (SMEs), a news source reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pbc-recommends-measures-reduce-cost-business-budget-2020-21.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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