Simplified taxation process to be operational soon: FinMin
Business
Says sustainable, inclusive economic growth vital for progress
PESHAWAR (Web Desk) - Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb here Wednesday said that sustainable and inclusive economic growth imperative for progress and prosperity of the entire nation.
Addressing Sarhad Chamber of Commerce and Industry (SCCI) meeting as chief guest along with Minister of State for Finance and Revenue, Ali Pervaiz Malik, Senator Muhammad Aurangzeb said that the country have achieved economic stability after Federal Govt’s goal oriented policies and economic reforms that started positive effects on people lives.
He said that the Govt was committed to broadening its tax base and advancing with a focused approach to make Pakistan an export-led country.
The govt has simplified the taxation process and the Tax Policy Office would be operationalized in a few days to facilitate taxpayers, industrialists and the business community. The Federal Minister said that information technology and digitalization were introduced in the Federal Board of Revenue (FBR) to save time and ensure more transparency in financial affairs.
The Minister said that Pakistan has been put in the right direction by the present elected Govt and great responsibility rests on the private sector to come forward and contribute richly in the country’s development process.
He said the private sector has to take a lead role in promotion of business and industrialization in the country especially in mineral rich Khyber Pakthunkhwa and Balochistan, adding that the Govt would facilitate business and industrialization to generate employment opportunities for youth and alleviate poverty in KP.
As a result of the Govt’s prudent economic and fiscal policies, he said that price hike has been slashed below signal digit and rice and IT exports achieved record growth during last one year that spoke volume of our commitment towards inclusive economic development. The Minister said that food inflation, current account deficit and pressure on Pakistani rupee has been significantly reduced and the country’s economy is stabilized.
Earlier, SCCI President and other members of the organization welcomed the Federal Minister and Minister of State for Revenue and highlighted problems being faced by the business community. They were also presented with traditional turbans.
