RECORDER REPORT

FAISALABAD: All Pakistan Textile Processing Mills Association (APTPMA) has rejected recently issued SRO 351(I)/2014 by the FBR and called for its immediate withdrawal for the survival of the business community.

APTPMA Central Chairman, Sheikh Muhammad Ayub in a press statement said the SRO 351(I) would not only increase the problems of the traders but also the corruption because of the repeated intervention of government agencies in smooth running of businesses.

He said that the business community is unable to understand the logic behind the issuance of SRO 351(I) that has created a parallel assessment organisation in the presence of Large Taxpayer Unit (LTUs) and RTOs. He termed the said SRO a conspiracy against the business friendly government which is trying to promote economic activities in the country.

Lamenting on gas and electricity loadshedding faced by the industry, APTPMA chief has said that the textile industry is striving for its survival, but issuance of such harsh SRO by the FBR has created panic among the business community which is tantamount to waste the government efforts for the welfare of business activities and foreign investment in the country.