PM Shehbaz Sharif Urged to Address SRO 350 Issues

Business leaders have raised concerns over the challenges faced by utilities like Sui Southern Gas Company (SSGC) and K-Electric in submitting sales tax returns promptly due to the implications of SRO 350. This specific Statutory Regulatory Order has caused delays for these companies, prompting calls for its elimination or revocation.

In a recent meeting with Prime Minister Shehbaz Sharif, representatives from Karachi's industrial zones highlighted the ongoing issues related to SRO 350. They stressed the importance of resolving this matter promptly, as it has been a recurring problem for the business community. The leaders urged the PM to take decisive action and withdraw the SRO to alleviate the burden on companies.

SRO 350 is a regulatory measure introduced by the government that impacts the timely submission of sales tax returns by utilities such as SSGC and K-Electric. The Federal Board of Revenue (FBR) has yet to provide a solution to streamline this process, leading to operational challenges for these companies.

Despite repeated appeals from business leaders, the FBR has not taken concrete steps to address the concerns raised regarding SRO 350. The lack of resolution on this matter has created uncertainty and delays in the tax compliance process for affected utilities.

The unresolved issue of SRO 350 continues to impact the efficiency of businesses like SSGC and K-Electric. As stakeholders await a definitive response from the government, it is crucial for regulatory bodies to prioritize the concerns of the business community and work towards a swift resolution to ensure smooth operations and compliance.