The Federation of Pakistan Chamber of Commerce and Industry (FPCCI) has suggested the government to focus on ease of doing business which will attract much needed investment to trigger economic growth in the country.
It also recommended the government to undertake meaningful reforms covering all the sectors, broaden the tax base, immediately pay exporters’ refunds, facilitate establishment of new industries to create jobs and improve revenue.
The proposals were presented to Finance Minister Senator Muhammad Ishaq Dar during a meeting of FPCCI delegation with him, according to the FPCCI statement.
The delegation was led by FPCCI President Abdul Rauf Alam, it added.
Advisor to Prime Minister Haroon Akhtar Khan, FBR Chairman Nisar Muhammad Khan, members of FBR Rehmatullah Khan Wazir, Dr Mohammad Irshad, and Nasir Masood were also present on the occasion.
The FPCCI officials lauded the government on increasing the revenue collection, which has risen by 19.7 per cent and suggested to take additional steps to strengthen tax administration.
The businessmen furnished proposal to improve Sales Tax, Income Tax and Customs Duty regime.
On the occasion, the delegation of the business community was assured that their proposals would be considered and that their support is needed to meet the revenue target of Rs 3.1 trillion for the current year, it added.