FM agrees to collaborate with business community

Sheikh says it was longstanding demand for complete digitalisation, transparency of FBR operations

KARACHI:

Caretaker Finance Minister Dr Shamshad Akhtar has endorsed the Federation of Pakistan Chambers of Commerce and Industry (FPCCI)’s plea to include its representatives in crucial committees of the finance and revenue ministries. Recognising the business community as integral stakeholders in the economy, this collaborative effort aims to enhance dialogue and strengthen the consultative process between the government and the private sector.

During her visit to FPCCI’s headquarters in Karachi, Akhtar expressed appreciation for the active participation of business leaders in the government’s consultative process facilitated by FPCCI. The minister briefed prominent trade and industry figures on the caretaker government’s measures to stabilise the economy, address exchange rate volatility, and execute a restructuring plan for the Federal Bureau of Revenue (FBR).

Read PM vows support for business community

FPCCI President Atif Ikram Sheikh conveyed the business community’s support for the FBR restructuring, underscoring the separation of tax policy and collection functions. Sheikh said it was a longstanding demand for the complete digitalisation and transparency of FBR operations, crucial to curbing harassment faced by the business community and the unnecessary issuance of tax notices.

Published in The Express Tribune, February 4^th, 2024.

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