Beverage industry rejects ‘sugar tax’
ISLAMABAD: The beverage industry has warned the Federal Board of Revenue (FBR) that the proposed four per cent federal excise duty (FED) dubbed as sugar tax would not only push up prices but would also hit $200 million investments plan by two key carbonated soft-drink companies...
At the same time the two companies have written a joint letter to the prime minister informing him that the proposed 4pc FED on beverages was unfair as it...