KARACHI: Korangi Association of Trade and Industry (KATI) President Saleem-uz-Zaman has said that increase in hike of K-Electric tariff approved by the federal government would put more burden on already struggling industries as well as on the domestic consumers.

The industry had been asking to reduce energy prices as it directly affects the cost of production, which is a real challenge, he said, adding that the industrial sector was expecting a relief from the government after suffering heavily during Covid-19 pandemic.

He said that on one hand the government was offering stimulate package for the industry while it is increasing power energy tariff on the other hand.

FBR to hire legal advisers

ISLAMABAD: The Federal Board of Revenue (FBR) has approved the policy to appoint legal advisers and advocates on the panel of the tax machinery.

According to an official statement the policy has been approved in the sixth Board-in-Council meeting on Tuesday. Over Rs1 trillion revenue is believed to have been stuck at various courts so far.

In the light of directions of Prime Minister Imran Khan, amendment in Rules of Business-1973 has been made which has empowered the FBR to hire legal advisors and advocates on the panel of FBR and fix the professional fees.

Published in Dawn, October 14th, 2020