Exporters demand abolition of new tax regime KARACHI: While rejecting the federal budget 2024-25, almost all the key chambers and trade associations have asked the government to abolish the Final Tax Regime (FTR) and other anti-exports taxation measures. They believe that these measures will have disastrous consequences, leading to a decline in precious foreign exchange earnings and adversely affecting revenue generation for the national exchequer and urban employment for millions of people. Addressing a press conference at the PHMA House on Tuesday, which was virtually attended by representatives of various associations from other stations across the country, Chief Coordinator and Spokesman of All Exports Associations of Pakistan (AEAP) Muhammad Jawed Bilwani warned the government to observe a black day and suspend exports for one day if the issue isn’t resolved immediately. “The next option is to close the factories,” he warned. Exporters from all over Pakistan have unanimousl...
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