High cost of business hurting economy: PIAF.

LAHORE -- The Pakistan Industrial and Traders Associations Front (PIAF) has said that the cost of doing business has increased manifold, leading to not increasing the exports rather decline in exports. PIAF chairman Mian Nauman Kabir on Monday appreciated the government for cut in energy tariff for the value-added exporting industry, urging the authorities to also extend this facility to the local industry to curtail the inflation, as increased cost of doing business is hurting it severely. He also appreciated the government's commitment to disburse outstanding refunds of exporting industry.

Chairman PIAF said that the Federal Minister has assured business leaders to disburse over Rs100 billion under sales tax refund claims in shortest period. He hailed the government for fulfilling its commitment regarding payment of stuck refunds of exporters. He...