Budget Proposals 2017/2018: FPCCI seeks zero-rate sales tax for rice sector

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KARACHI: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has suggested zero-rate of sales tax for rice sector, which is the second largest export oriented after textile.
FPCCI in its budget proposals 2017/2018, said that there is a great potential to further increase of exports in this sector.
The FPCCI said that increase in export remittance and inflow of precious foreign exchange.
It said that rice itself is already an exempt product. However allowing zero rating on its packing material, machinery or other input used in setting up of its infra-structure may further boost this sector.

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