Exporters, industry flag concerns over govt move to recover Rs217 billion super tax

Industry and exporters have raised concerns over the federal government’s move to recover Rs217 billion from exporters as a super tax for the 2022–2026 period, saying the decision could further strain an already pressured industrial sector.

Korangi Association of Trade and Industry President Muhammad Ikram Rajput said the immediate recovery of the amount would add to financial stress for exporters and manufacturers, with potential implications for investment and business continuity.

He said that since the introduction of the super tax, the effective tax burden on industries has crossed 50%, while elevated electricity and gas tariffs have increased production costs, affecting export competitiveness.

Rajput urged the government to review the recovery plan and provide relief to industrial and commercial sectors. He proposed that the outstanding super tax be collected in instalments spread over three to four years instead of a lump-sum demand.

As an alternative, he suggested concessions such as a 25% upfront payment with the remaining amount adjusted against pending export refunds to ease liquidity pressures on exporters.

He warned that without corrective steps, the policy could lead to industrial shutdowns, job losses and broader economic impact.