Beverage Industry Calls for FED Adjustments in Budget 2024-25

Staff Report

The aerated Beverage Industry has called for adjustments to the Federal Excise Duty (FED) to support industry growth and contribute to the government’s tax collection efforts.

A delegation of representatives from the Aerated Beverage Industry led by the President of Lotte Akhtar Beverages Mr. Ghazi Akhtar, called on Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb at Finance Division.

Turkish Ambassador to Pakistan H.E Dr. Mehmet Pacaci also joined the meeting.

The delegation expressed their appreciation for the government’s economic initiatives and conveyed that they are encouraged by the supportive policies of the Government.

They presented several tax proposals for the upcoming fiscal year, suggesting adjustments to the Federal Excise Duty (FED) that could support their industry growth and contribute to the government’s tax collection efforts.Steel Industry Demands Fair Approach to Turnover Tax

Finance Minister Muhammad Aurangzeb highlighted the government’s commitment to support the private sector. He emphasized the Prime Minister’s vision for private sector-led economic growth as reflected in the ongoing privatization efforts.

He assured the delegation that the government will proceed with strategic intent and within the available fiscal space.

The delegation thanked the Finance Minister and expressed optimism for continued collaboration and support.