The business
community severely criticized the performance of Federal Board of Revenue (FBR)
and urged the government to expand the tax net instead of increasing more
burdens on taxpayers. They also urged the government to make the businessmen
and industrialists part of economic policy making process. They said that
government should hold quarterly meeting with them to materialize economic
policy. They said that the government should give representation to business
community for implementation on the economic policy and hold quarterly meeting
with them.The business community expressed these views in a conference on
"Government and Private Sectors Partners in Growth and Development"
held in the Ministry of Planning, Development and Reforms on Monday.
Businessmen, industrialists and presidents of all chambers of commerce and
industries participated in the conference.
A singing ceremony
was also held in the conference in which business community become the partner
of Ministry of Planning, Development and Reforms. The agreement was signed
between Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and
the Ministry. Mian Muhammad Mansha is a prominent Pakistani industrialist and
entrepreneur said while discussing the budgetary proposals that the government
should take measures to promote free trade in country. He said that government should
involve private sectors in development projects.
He said that he is
largest taxpayer of the government but there is need to improve the tax system.
He said that it is dire need to expand tax base in the country. He said that it
is also need of the hour to bring reforms in public institutions including PIA,
Pakistan Railways and others.
Federation of
Pakistan Chambers of Commerce and Industry (FPCCI) Mian Muhammad Adrees said
while addressing the conference that many projects were not completed due to
politicizing. He said that Prime Minister Mian Nawaz Shairf should held meeting
with business community to address their problems. He said that business
community become the part of economic policy and hold quarterly meeting with
them.
He said that the
government should expand tax base instead of putting more burden on the
taxpayers. "The FBR should improve their tax system and facilitate those people
who are already paying tax. Our bureaucratic system has failed and there is
need to evolve it," he said.
Earlier, Minister
for Planning and Development Ahsan Iqbal has said the government will put the
economy on the path to progress to achieve the growth rate of 7 to 8 percent.
Addressing the conference, he said Pakistan has become safe haven for foreign investment
and this has also been acknowledged by the international institutions. He said
the Chinese investment of $46 billion will help attract more foreign investment
into the country.
The Minister said
the Economic Corridor is a national project which would benefit all the four
provinces and others regions of the country. After conference, the Minister
said while talking to newsmen that Western route of the Corridor is being taken
up on priority basis. Construction of the route began last year and it would be
completed by the end of next year, he said. He said it is wrong to say that any
road or project under the Corridor has been taken out from one province and
included in any other province.
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