ICCI cautions against sealing of businesses as it would hurt the economy
- November 20, 2020
The business community in a meeting at Islamabad Chamber
of Commerce and Industry (ICCI) has called upon the government to discard the
practice of sealing businesses for any violations of SOPs and give them warnings
along with imposition of small fines as sealing businesses was affecting their
credibility and was not the right solution to curb the spread of Covid-19
pandemic. They said that sealing of businesses would ultimately hurt the already
weak economy and create more problems for the future growth of the country.
Chairing the meeting, Sardar Yasir Ilyas Khan, President, Islamabad Chamber of
Commerce & Industry said that business community have to spent years for
building the reputation and goodwill of a business, but normally FBR, local
administration and other government departments tended to seal businesses on
small violations, which badly damaged their reputation and caused great
financial losses to them. He said that the sealed businesses have to suffer for a
long time and struggle hard to restore their prestige in the local community,
which puts extra financial burden on them. He said that instead of sealing
businesses, government departments should prefer giving warnings and
imposing small fines on them for any violations, which would save businesses
from unnecessary losses and also generate revenue for the government.
ICCI President said that government machinery should ensure strong
enforcement of SOPs to control the outbreak of Covid-19 instead of sealing
businesses. He said that the economy of Pakistan has already suffered huge
losses due to lengthy lockdowns during Covid-19 pandemic last year and it could
not afford further closure of businesses as shutting down business activities
would plunge the economy into deep troubles. He emphasized that the
government should go extra miles to save the businesses from any further
problems in order to keep the wheel of the economy in running mode. He said
that businesses in smart lockdown areas should be allowed to remain open with
implementation of SOPs.
Ms. Fatma Azim Senior Vice President and Abdul Rehman Khan Vice President
ICCI said that recently FBR had sealed the office of a telecom company due to tax
issues, but it has sent a very negative message to the potential investors. They
said that Pakistan needed to promote maximum local and foreign investment to
boost industrialization and strengthen the economy, but sealing of businesses on
any violations would thwart such efforts of the government. They stressed that
the government should discard the practice of sealing businesses and should
warn them before imposing fines for any violations in the larger economic
interests of the country.