Govern­ment to re­solve off­shore com­pa­nies is­sue thru le­gal means

Pakistan Observer - - NATIONAL -

ISLAMABAD—Ad­viser to the Prime Min­is­ter on Rev­enue Ha­roon Akhtar has said that emer­gence of off-shore com­pa­nies was an in­ter­na­tional phe­nom­e­non, how­ever the govern­ment was fully de­ter­mined to tackle within the le­gal means.

A com­mit­tee had al­ready been formed with Fi­nance Min­is­ter Muham­mad Ishaq Dar as its Chair­man that is fo­cussing this is­sue, he said talk­ing to a news chan­nel. He said State Bank of Pak­istan (SBP), Se­cu­ri­ties and Ex­change Com­mis­sion of Pak­istan and Fed­eral Board of Rev­enue (FBR) are part of the said com­mit­tee that was fully in­de­pen­dent to work.

A sep­a­rate money bill would also be in­tro­duced for thor­ough dis­cus­sion on the mat­ter and seek mea­sure to sort it out, he said. Ha­roon Akhtar said the govern­ment is de­ter­mined to make law­ful amend­ments so that is­sues like off-shore com­pa­nies do not sur­face again.

He said no­body can be al­lowed to cre­ate chaos by play­ing up the is­sue of off­shore com­pa­nies and de­tract for­eign in­vest­ment. The ad­viser said steps were be­ing taken to broaden tax net be­sides mea­sures to im­prove tax col­lec­tion.

The govern­ment was fa­cil­i­tat­ing tax-fil­ers by not putting more bur­den on them, how­ever strict mea­sures would be taken against non-fil­ers, he said. To a ques­tion he said that prices of petroleum prod­ucts in Pak­istan were low­est in the re­gion.—APP

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