ByKarachi, Pakistan:The Sindh Chamber of Agriculture has strongly criticized the Federal Board of Revenue’s (FBR) proposal to increase the sales tax on tractors from 10% to 18%. The chamber argues that this increase would have a devastating impact on the farming community.
The chamber has urged the FBR to reconsider the proposed increase and instead implement measures to support the agricultural sector. They have proposed reducing the import duty and sales tax on both imported and locally manufactured tractors. Business Recorder
The Sindh Chamber of Agriculture highlighted the significant challenges faced by farmers, including low prices for agricultural produce, lack of investment, climate change, and water scarcity. The proposed increase in sales tax would further burden farmers already struggling to make ends meet.
The chamber emphasized the importance of the agricultural sector to Pakistan’s economy and urged the government to take steps to support farmers and revitalize the sector. By reducing taxes on tractors, the government can provide relief to farmers and promote agricultural growth.
The Sindh Chamber of Agriculture remains hopeful that the FBR will reconsider its decision and prioritize the needs of the farming community.
