March 2018is the deadline, has been given for the construction of a five-story building at Mela Ground Shah Shamas. Currently, 60% of the investment in hand and is received. Mr. Bilal was certain they will not face any lack of funds.
He said, issues and hindrances have been removed and police would continue to provide funds for this project.
He added, people of Multan would be protected in a better and efficient manner once the project is functional.
The Multan Chamber of Commerce and Industry (MCCI ) expressed concern about ‘corporate tax’ as it was a discouraging factor in promoting industrial investment and expansion.
President MCCI Khawaja Jalaluddin Roomi said that if we see corporate tax in various underdeveloped countries it is extremely less than in Pakistan. In Bangladesh the tax is 25%, Vietnam 22%, Singapore 17%, Sri Lanka 15% but in Pakistan, it is 38%, which is shocking. In order to boost exports, the tax should go down to 17 or 18%.
In order to flourish economy, our government should put effort to boost industrial sector of the country because the cost of labor & energy is more in Pakistan in comparison to Bangladesh, India, and Thailand.