RAWALPINDI, JUL 02 (DNA) – The Rawalpindi Chamber of Commerce and Industry (RCCI) has asked government to address concerns and grievances of traders as budget 2019-20 carries multiple anomalies.

Every sector, from industry to trade, all suffering due to high cost of doing business as measures taken in budget are not in the favor of business community.

RCCI, President Malik Shahid Saleem, in a statement said that the business community has been pushed deep into the quagmire of uncertainty, higher taxation, regulatory duties and price hike in Gas and electricity tariffs.

We do appreciate certain measures taken in the budget with respect to the documentation of economy but ground realities displayed the picture otherwise.

The license, registration, CNIC, Sale tax registration and other measures will open the gate of corruption in the name of monitoring and registration, he fear.

Similarly, the Punjab government has increase to transfer and token fee for car registration, this will disturb the middle class and we would request Punjab Government to revise its decision, he added.

Malik Shahid Saleem also urged government to take stakeholders on board and should convene immediate meetings of trade representatives to address their grievances.

The rise in gas, electricity tariff will hamper the purchasing power of middle class and warned that the business activity will be slowed down in coming days due to high cost of doing business and burden of new taxation=DNA

==========================