Saquib Fayyaz Magoon, Convener of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) standing committee on Sales Tax and Chairman Indenters Association of Pakistan (IAOP), has insisted the federal government to accede Computerized National Identity Card (CNIC) condition for 6 months on sale of goods to unregistered persons under current economic situation created after COVID-19 epidemic. Due to this pledge, payments to exporters have been stopped and export orders cancelled. There had been a crisis of cash flow in the market, which called for adjournment of condition of the CNIC. This would help to improve the cash flow situation and escape another major financial crisis. He has also requested for acceptance of sales tax returns without enforcing the condition of CNIC. In the current economic crisis, the business would depend largely on the local consumer industry that has already facing problems due to CNIC condition. He assured that cash flow would not be affected by the coronavirus. He also pointed out the difficulties facing the businessman community over the ban on courier companies due to the lockdown and alleged the original document of import shipment could not reach the banks.
