ISLAMABAD: Finance Minister Asad Umar on Wednesday asserted that the federal government is ensuring measures to digitise the taxation system to avoid tax evasion.
While addressing the ‘Leaders in Islamabad Business Summit’, the Pakistan Tehreek-e-Insaf (PTI) stalwart said that the government will keep up to its electoral promise by bringing tax defaulters into the tax net. He also said that significant steps are being taken to computerise the taxation system.
“Applying the IT solutions will revolutionise the entire system,” Umar observed while adding that a tracking system is under process to follow the tax defaulters.
Commenting upon the talks between the government and the International Monetary Fund (IMF), the minister said that further talks will be held later this week.
Adviser to Prime Minister on Commerce Abdul Razak Dawood, who also addressed the summit, said that the government has started the process of industrialisation and results will be visible in a short span of time.
Stressing upon the need for small and medium enterprises (SME), Dawood said that the government is ensuring all the possible measures to promote the industry.
“Duties on raw materials have been reduced,” he said while adding that more steps will be taken in the coming budget to strengthen the SMEs.