- RCCI criticizes Punjab government’s fiscal policies, especially the 16% sales tax on commercial property rent.
- RCCI President Usman Shaukat expresses concern over increased operational costs for businesses, particularly small and medium retailers.
- The tax is expected to discourage investment and push businesses into the undocumented sector.
- RCCI warns of worsening slowdown in property and retail sectors due to the tax.
- RCCI opposes the arrest provision for non-compliance with the new minimum wage law.
- Shaukat calls the arrest provision coercive and anti-business, fearing misuse by officials.
- RCCI supports fair wages but stresses the need for alignment with market conditions.
- RCCI urges the Punjab government to reconsider the tax and arrest provision.
- RCCI calls for dialogue with the business community to promote economic growth and investment.
Source: pkrevenue.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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