Government Urged To Withdraw 17pc Sales Tax on Agriculture Seeds

ISLAMABAD – Pakistan Hi-Tech Hybrid Seed Association on Sunday demanded of the government immediate withdrawal of 17 percent Sales Tax on all kinds of agricultural seeds to avoid shifting of its burden on poor people besides fully protecting planned Chinese investment on “China Hybrid Agriculture Model and Transfer of Technology” under phase-II of CPEC. He said Pakistan is in direct competition with the top agricultural produce exporting countries of the world and levy of 17 percent ST on agriculture seeds will result in a sharp decrease in Pakistan agricultural yields and exports.

Presiding over Executive Committee meeting of the association here Sunday, Chairman Shahzad Ali Malik said it will definitively jeopardise envisioned investment avenues in agriculture sector and act as disincentive for Chinese investors in relation to their planned investments in CPEC having major focus on “China Hybrid Agriculture Model and Transfer of Technology”. He said this uncalled for ST will discourage the promotion of best quality hi tech hybrid seeds in Pakistan resulting loss of bumper agricultural production. In view of above genuine legitimate grievances, association on behalf of the entire agricultural sector make an impassioned appeal to Prime Minister (PM) Shehbaz Sharif to withdraw ST in question in the larger national interests of overall economy of the country, he concluded. Original Link: https://nation.com.pk/2022/05/09/govt-urged-to-withdraw-17pc-st-on-agriculture-seeds/