8 percent turnover services tax, a cruel act: President SCCI

SIALKOT: Terming the levy of 8 percent turnover services tax on cargo agents and freight forwarders by the federal government as cruel act, the Sialkot Chamber of Commerce and Industry (SCCI) has urged the Federal Board of Revenue (FBR) to ensure the early withdrawal of this tax.

In a press release issued here today, the SCCI President Fazal Jillani said that the levying of 8 percent turnover tax has already put the cargo agents and the freight forwarders into the big financial crisis, besides, putting them into the hot waters.

Expressing grave concern over this nasty situation, SCCI President added that the situation was worsening day by day due to which the perturbed cargo agents and freight forwarders would be forced to charge extra amounts from the over-burdened exporters.

SCCI President Fazal Jillani announced SCCI support for to Air Cargo Agents Association of Pakistan (ACAP) and Pakistan International Freight Forwarders Association (PIFFA), in this regard.