High taxes on warehouses rent is retarding growth of one of the most important links in the supply chain of trade and industry.
The business leaders are critical of the government policy to apply multiple slabs of income tax for the rental income drawn from warehousing facility.
The world over specialised and segmented warehousing facility has been developed and offered to cater to the needs of different trades.
These include Purpose Built Warehouses (PBWH), Temperature Control Warehouses (TCWH) and SME sheds which are offered on concessional charges.
Pakistan Bedware Exporters Association (PBEA) chairman Shabir Ahmed said that there was an urgent need to expand warehousing facilities across the country.
In order to meet export commitments exporters need modern logistics developed under multimodal transport and port facilities.
