MULTAN    -   Pakistan Cotton Ginners Asso­ciation (PCGA) Chairman Suhail Haral demanded the govern­ment to review the fixed tax policy on factories.

Addressing a press confer­ence here on Monday, chair­man Suhail Haral observed that cotton factories used to operate during the winter sea­son only. He posed the ques­tion how is it possible to pay fixed tax for the whole year. If the government wants to get fixed tax throughout the year then it should provide raw ma­terial to ginning factories for 12 months, he added.

He demanded the government to manage audits of Indepen­dent Power Plants (IPPs) from international firms to assess their capacity building as ca­pacity charges were being paid regularly. IPPs produce nearly one third of total electricity in the country, however fuel price adjustment was being taken for overall electricity production whether it was prepared from hydro, coal, wind or solar sys­tems, he stated. 

Responding to a question about production of cotton, he stated that PCGA was expecting production of 12 million bales. However, the rains and floods caused havoc with the crop. There could be a loss of four to five million cotton bales.

About the present condition of cotton, Suhail Haral main­tained that ongoing weather conditions were favorable for the cotton crop. The tempera­ture drops especially during night time and it is good for the crop, he hinted.

AVAILABILITY OF ESSENTIAL ITEMS BEING ENSURED-ADC REVENUE

Additional Deputy Commis­sioner-Revenue (ADC-R) M Kha­lid has said that the availability of essential commodities to the consumers at government con­trolled rates is being ensured. 

The ADC-R said that keeping the prices of vegetables and fruits under control is one of our duties and in this regard, artificial inflation and unnec­essary increase in the rates of commodities will not be tol­erated. He said that the Price Control Magistrates continue to monitor food prices on a daily basis to curb inflation. He said that the action will be taken against those who will create artificial crisis of food items. 

Defective and substandard items will not be allowed to be sold, he added. Khalid further said that along with monitoring the auction process in the vege­table market, practical steps are being taken to ensure the qual­ity of vegetables and fruits.

FBR OFFICIALS ANTICIPATE 35PC MORE TAX RETURN THIS YEAR IN MULTAN

Federal Board of Revenue (FBR) officials have recorded 30 per cent increase in the number of tax returns filed so far in Multan region compared to last year and hoped it might reach 35 per cent with cut-off date just days away.

Deputy commissioner inland revenue, Regional Tax Office (RTO) Multan Shah Jahan Dur­rani told APP that people were paying taxes and filing returns despite destruction caused by floods and attributed this de­velopment to rising awareness among the people. Moreover, FBR has also introduced digital mode of payments for conve­nience of tax payers, Durrani said adding that traders and industrialists also had the fa­cility to asses taxes themselves and pay.