In a press statement from the Lahore Chambers of Commerce and Industry (LCCI) on Tuesday, it was asserted that Pakistan holds the potential to become an economic leader, provided key economic issues such as devaluation, industrial closures, high utility prices, inflation, and high markup rates are collectively addressed. The statement expressed concern that these factors are dampening the confidence of local investors.
LCCI President Kashif Anwar conveyed these sentiments while addressing the 35th Senior Management Course at the National Institute of Management. He underscored the urgent need for a business-friendly taxation system to facilitate economic development. Anwar voiced reservations regarding the Tajir Dost Scheme, criticising the scheme’s requirement for non-taxpaying businessmen to deposit monthly advance tax.
Published in The Express Tribune, April 17th, 2024.
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