Ministry warns FBR: Poultry/dairy products at risk of global exclusion

In this connection, the Ministry of National Food Security has approached the Finance Ministry and the FBR for providing relief from taxes for the poultry/ dairy sector.

According to the ministry, the government has imposed taxes on the import and export of animals and animal-related products such as semen, embryos, compound animal feed, ingredients of poultry/cattle feed, soybean, meals/ seed, oil cake of cotton seed, poultry/ cattle feed premix, by-pass fat, calf milk replacer, mineral, machinery and its spare parts used in the animal industry, branded and packed poultry meat and value-added products.

The imposition of 17 percent sales tax plus three percent regulatory duty and around 7-8 percent of the value has significantly increased the cost of production and made local produce highly un-competitive in the international markets. If this practice continued, Pakistani produce would be at risk of exclusion from international markets such as the Middle East and Gulf countries.

Moreover, the destruction of infrastructure and significant mortality of animals and poultry due to the ongoing floods and torrential monsoon rains will also negatively impact the supply chain of animal and animal products resulting in food scarcity and food insecurity besides further escalating the prices of animal-related commodities in the country.

Keeping in view the said explanation, it is strongly recommended that the rate of taxes and duties on products of animal-origin may be reviewed, exempted and or reduced back to the position executed before the imposition of the current tax regime and to the extent given: Sales tax on import of Grand Parent Chicks (GPs) has been proposed to be reduced from 17 to zero percent.

The reduction in the cost of poultry production will lead to low market prices of poultry meat and eggs for consumers.

The 17 percent sales tax on the ingredients of poultry/ animal feed has been proposed to be withdrawn.

Admin Mail : [email protected]

- Advertisement -
- Advertisement -

Latest article

Liver Detox :Tea Incredible Benefits of Liver Cleanse Tea

If you’re like most people, your liver is one of your body’s essential organs. It’s responsible for processing and eliminating toxins from the body,...

Known Benefits Of Daily Skincare Routine

Guys, when it comes to taking care of your skin, remember that a good skincare routine does not have to be complicated. Opting for...

Drinking Milk On A Regular Basis Has Many Health Benefits

The Dietary Guidelines for Americans recommends that Americans consume three cups of milk each day. It is a great source of calcium and offers...

Often Should You Get Deep Tissue Massage Therapy

Your body and mental relaxation should your priority. Having some “me time” at the end of a hectic day is essential. Massage is good...

Keep Our Skin Healthy

There are several different ways to keep our skin healthy. These include drinking lots of water, avoiding alcohol and smoking, and using moisturizers. These...
error: Content is protected !!