The business community is ready to play its part in achieving Rs8 trillion tax revenue target for the country provided that the government facilitates it in meeting this objective, said Islamabad Chamber of Commerce and Industry (ICCI) President Sardar Yasir Ilyas Khan. “Structural reforms in the Federal Board of Revenue (FBR) will be necessary to enhance the efficiency of the tax system for promoting cordial relations between the tax collecting institutions and business community,” he said in an interview with APP on Thursday. “It will also improve the country’s ease of doing business (EODB) ranking and overall business environment.” According to him, the government can achieve objectives of the current economic agenda through efficiency, transparency, accountability and coordination with the business community. Khan stressed the need for enhancing coordination between the government and chambers of commerce to discuss the business community’s proposals for the upcoming budget 2021-22 in a bid to incorporate their input into the budget.
Published in The Express Tribune, May 28th, 2021.