وزیر اعظم نے صوبہ سرحد کے لئے ریلیف پیکیج کی منظوری دے دی

ISLAMABAD, Mar,13 (APP):Prime Minister Syed Yusuf Raza Gilani Saturday approved the revised package for the rehabilitation of economic life in NWFP, FATA and PATA including total write-off of loans in Buner, Swat, Malakand and Chitral. Keeping in view some changes and additional measures suggested by the Sarhad Chamber of Commerce and Industry (SCCI) and business community of NWFP, the Prime Minister approved the revised package.

According to a press release issued by the Ministry of Finance here on Saturday, a number of changes have been made in the old package by the Prime Minister.

Under the new package, areas will remain divided into three categories i.e. most, moderately and lesser affected areas, but Peshawar will be included in most affected areas and Nowshera in moderately affected areas. 

Under the old package, areas were divided into three categories i.e. most, moderately and lesser affected areas. 

Similarly, under the new package no change has been made under which, the Federal Government may allow the registered persons/ importers or any other business entities owing any amount due to the government in form of customs duty, sales tax or excise duty and income tax, a waiver of the entire amount of penalty and default surcharge if the principal amount is paid by 30.06.2010. This treatment may be extended both to the most affected areas as well as the moderately affected areas. 

No change has been made in the old package under which, sales tax on the electricity consumed by the manufacturing units operating in the most affected and moderately affected areas as are registered/un-registered for the purpose of sales tax may be exempted. This will serve as a major boost to the marble, cosmetics and silk industries.

No change has been also made in the previous package under which drawback of sales tax admissible on exports originating from the most affected and moderately affected areas may be paid within three days. 

Similarly under the revised package with effect from January 1, 2010, Federal Excise Duty will be reduced to zero on goods produced in FATA and Most affected areas and 50% of the leviable rate in Moderately affected areas.

In the old package the Federal Excise Duty on goods produced and supplies made was announced to reduce from January,1 2010 to June 30, 2010 at the following scales:

(a) FATA & PATA 

Zero% (total exemption).

(b) Most affected areas

Zero% (total exemption) and

(c) Moderately affected Areas

50% of the leviable rate.

Under the new package no changes have been made in the old package under which, the rate of domestic sales tax on goods manufactured and supplies made in the most affected and moderately affected districts may be reduced by 50% of leviable rate.

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