Businesses reject the Sindh emergency relief regulation
KARACHI: Business on Friday regretted the proposed emergency relief regulation by the Sindh government who imagined to put aside their full payroll responsibilities without considering their financial difficulties after nearly three weeks of economic closure led by the coronavirus virus.
The head of the Karachi Chamber of Commerce and Industry, Agha Shahab Ahmed and Chairman of the Entrepreneurs Group Siraj Kassam Teli, in a joint statement, said the draft emergency relief law COVID-19 was unacceptable and urged the provincial provincial minister Murad Ali Shah to take the business. and the industrial community becomes confident before applying the law.
This ordinance is to legally bind employers in the province not to cut or stop the service of any employee during the closure of the business unit due to the locking. Employees will be considered paid leave under the proposed law.
Employers say they do not want to release labor but they face a severe liquidity crisis due to the suspension of business activities and it is difficult to bear the salaries paid to unemployed workers when no income is generated. “The government must move forward to share the burden,” the statement said.
The business, which already provides cash and food to those in need for humanitarian reasons, somehow supports the entire burden of wages and salaries paid for March but they say they will not be able to do it next month when salaries for April are due.
“Special assistance packages must be announced and made part of the regulation in which all salary / wage costs must be borne by the government or the mechanism must be adopted for a period of at least two to three months where the aggregate amount of salaries paid by businesses and industries must be fragmented into three parts the same, “said the statement.” The first part must be paid by the relevant industrialists and the second part must be donated by the government while the last part must be borne by the employees. “
Employers say special assistance packages are a necessity now and will certainly allow the private sector to handle exceptional situations, bear extra losses, avoid layoffs and save many industrial units from falling ill or going bankrupt.
The proposed regulation says the government can provide exemptions from taxes, duties, fees, cess, fees and fees in a manner notified by the government. However, the rescue regulation must guarantee that the Sindh Revenue Board will be prohibited from collecting all types of taxes for a period of at least six months. Funds collected by the Employee Old Age Benefits Institute and the Sindh Employee Social Security Institute for registered workers can be used to support workers who are already registered with them, said the employer.
“What will happen to petty traders and shop owners who have almost no two or three workers employed and how they can pay salaries to workers when all such shops and businesses remain completely closed,” the statement said. “We haven’t heard much about this assistance to shop owners and traders – who are really worried and need the same attention.”
Business representatives said the business and industry community supported all initiatives taken by the government to curb the spread of the new corona virus and provide assistance to the public. However, the government must also reach out to help the business community and industry to reduce their burden and help them withstand the extraordinary situation that is ongoing.
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