LCCI urges new FBR chief to con­vene meet­ing on RGST

The Pak Banker - - National -

LA­HORE: The La­hore Cham­ber of Com­merce and In­dus­try Tues­day while wel­com­ing the ap­point­ment of Sal­man Sid­dique as Chair­man Fed­eral Board of Rev­enue has urged him to con­vene a meet­ing of all the cham­bers and the other trade bod­ies as there ex­ists a lot of con­fu­sion in the busi­ness cir­cles about t he pro­posed Re­formed Gen­eral Sales Tax.

In a state­ment is­sued here, the LCCI Pres­i­dent Shahzad Ali Ma­lik, Se­nior Vice Pres­i­dent Sheikh Mo­ham­mad Arshad and Vice Pres­i­dent So­hail Azhar said that Sal­man Sid­dique was a sea­soned bu­reau­crat and en­joyed ex­cel­lent re­la­tions with the busi­ness com­mu­nity.

They hoped that Mr Sal­man Sid­dique's ap­point­ment would def­i­nitely help sim­plify com­plex and com­pli- cated tax­a­tion pro­ce­dures that had been cre­at­ing trou­bles for the busi­ness­men for the last many years.

The LCCI of­fice-bear­ers in­vited the at­ten­tion of the newly ap­pointed Chair­man to­wards the long stand­ing LCCI de­mands re­gard­ing broad­en­ing of tax net, im­ple­men­ta­tion of self-as­sess­ment in true let­ter and spirit and elim­i­na­tion of cor­rup­tion in the Fed­eral Board of Rev­enue.

Elab­o­rat­ing his points, the LCCI of­fice-bear­ers said that the La­hore Cham­ber of Com­merce and In­dus­try had for the last many years been call­ing for broad­en­ing of tax net in­stead of squeez­ing the ex­ist­ing tax pay­ers.

They said that there was a dire need for im­ple­men­ta­tion of self as­sess­ment in let­ter and spirit as the very idea had been tar­nished due to re­peated changes at the top level in the Fed­eral Board of Rev­enue and it was be­ing mis­used by the of­fi­cers concerned.

They also urged the newly ap­pointed FBR Chief to look into the cor­rup­tion that had played havoc with the whole in­sti­tu­tion that has all the abil­i­ties and the ca­pa­bil­i­ties to turn the econ­omy around.

More­over, Mrs Amanda Fazio, Chair­per­son State Se­nate New South Wales, Aus­tralia, has un­der­lined the need for boost­ing trade re­la­tions be­tween Aus­tralia and Pak­istan as the mea­ger vol­ume of bi­lat­eral busi­ness does not re­flect the cor­dial ties be­tween the two coun­tries.

Mrs Amanda Fazio, who was head­ing an eight-mem­ber strong Aus­tralian del­e­ga­tion, was speak­ing at the La­hore Cham­ber of Com­merce and In­dus­try on Mon­day. -App

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.