Latest news from Heavy Lift & Project Forwarding International Magazine

Pakistan strike ends pending tax review

September 4 - Industrial action across Pakistan's logistics sector has ended with immediate effect, after logistics industry associations and the government reached an accord over tax legislation.

HLPFI reported that members of the Pakistan Freight Forwarders Association (PIFFA) and the Air Cargo Agents Association of Pakistan (ACAAP) went on strike in reaction to an eight percent minimum tax on turnover for logistics service providers, which was retroactively applied from 2009.

According to Habibullah A. Latif, secretary general of PIFFA, representatives met with Tariq Bajwa, chairman of the Federal Board of Revenue, and senator Haroon Akhtar, advisor to the prime minister on revenue, on September 3, 2015.

Following this meeting Ishaq Dar, India's federal minister of finance, formed a committee headed by Akhtar that will resolve the issue within seven days. PIFFA and ACAAP decided to resume business activities with immediate effect, in light of these government assurances.

www.piffapk.com

www.acaap.org

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