QTI rejects VA Tax

LAHORE - Quami Tajir Ittehad (QTI) Lahore on Wednesday rejected the Value Added Tax (VAT) and demanded the government to take all the stakeholders particularly the business community into confidence before imposing VAT. They also urged the government to finalise VAT in consultation with the business community. According to a press release issued on Wednesday, they stated this during a meeting of QTI presided over by its President Khawaja Azhar Gulshan. General Secretary Hafiz Abid Ali, Mian Akbar Rashid and M Saleem Butt were also present on this occasion. They said that a number of clauses in the proposed VTA needed to be amended. If it would not be amended, it would discourage new investment besides triggering corruption in the public sector, they added.

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