PM Imran for introducing technology in FBR, tax system to ensure transparency
He further said system for taxpayers specially the system of tax returns should be made easy.
ISLAMABAD (Dunya News) – Prime Minister Imran Khan on Thursday said as the broadening of tax base had vital importance in stabilization of country’s economy, modernization of the Federal Board of Revenue (FBR) was part of the government’s priorities.
Presiding over a briefing session about reforms in FBR and tax system, he directed for introducing technology in the FBR and tax system so that transparency of the system could be ensured.
Special Assistant to the Prime Minister Dr Waqar Masood briefed the prime minister in detail about reforms in the FBR and tax system.
Talking about various taxes imposed on the taxpayers, the prime minister directed that special focus should be given on the elimination of unnecessary withholding taxes.
He further said system for taxpayers specially the system of tax returns should be made easy.
Stressing on the importance of making the tax system easy for Small and Medium Enterprises (SMEs), the prime minister said since the promotion of SMEs was the government’s foremost priority, special focus should be given on the facilitation of traders in SMEs sector.
Uplift of industrial sector to accelerate economic
Meanwhile, in a meeting with a delegation of renowned exporters, the prime minister while reiterating the promotion of industrial sector as his government’s priority, said it would not only accelerate the economic activity but would also lead to creation of jobs and wealth.
He assured them that the government would mull over all of the proposals they put forward to him during the meeting for their maximum ease and facilitation.
Federal ministers Hammad Azhar, Syed Ali Zaidi, Faisal Vawda, advisors Abdul Razzak Dawood, Dr Abdul Hafeez Shaikh, Dr Ishrat Hussain, Specials Assistant to the Prime Minister Zulfiqar Bukhari, Sindh Governor Imran Ismail, State Bank of Pakistan Governor Raza Baqir, Federal Board of Revenue chairman and senior officers attended the meeting.
The delegation comprised representatives of Overseas Investors Chamber of Commerce, Pakistan Business Council, automobiles sector, tanners association, hosiery, fisheries, garments, pharmaceutical, steel, textiles and other industries.
The delegation members appreciated the government’s measures and efforts to boost the exports and spoke high of the prime minister and his economic team.
They conveyed to the prime minister that the government’s pro-business policies had revived the business community’s confidence to stimulate the business activity.
They also mentioned remarkable increase in the exports, export orders and domestic sale of cement, steel and automobiles.
The delegation members also put forward multiple proposals to enhance country’s exports and exploit the potential.
