Au­to­mo­bile sec­tor con­tribut­ing 1.5pc to FBR: Dr Hafeez

The Pak Banker - - Front Page -

IS­LAM­ABAD

Fed­eral Min­is­ter for Fi­nance and Eco­nomic Af­fairs , Dr. Ab­dul Hafeez Shaikh has said that the au­to­mo­bile sec­tor is con­tribut­ing 1.5 per­cent to to­tal Fed­eral Board of Rev­enue's col­lec­tion and is ma­jor source of em­ploy­ment in the coun­try.

He said this while ad­dress­ing as a chief guest at the cer­e­mony held on com­ple­tion of pro­duc­tion of 500,000 ve­hi­cles by In­dus Mo­tors Com­pany ( IMC) Lim­ited in Karachi.

Speak­ing on the oc­ca­sion, Dr.Hafeez Shaikh con­grat­u­lated the IMC and stated that im­pres­sive progress by In­dus Mo­tors Com­pany has made it a flag­ship com­pany in the county's au­to­mo­bile sec­tor and In­dus Mo­tors Com­pany is a key as­set in na­tion's vi­brant auto in­dus­try.

The Fed­eral Min­is­ter fur­ther stated that the au­to­mo­bile sec­tor is con­tribut­ing 1.5 per­cent to to­tal Fed­eral Board of Rev­enue's col­lec­tion and is ma­jor source of em­ploy­ment in the coun­try.

The ef­fi­ciency and pro­duc­tiv­ity of this sec­tor should be en­hanced in larger in­ter­est of the coun­try, he fur­ther added.

The Fi­nance Min­is­ter ex­tended full sup­port from gov­ern­ment side and as­sured that for pro­mo­tion of the au­to­mo­bile sec­tor, ev­ery pos­si­ble steps will be taken.

The said event started with rib­bon cut­ting cer­e­mony per­formed at the In­dus Mo­tors Plant by the Honor­able Chief Guest Dr. Ab­dul Hafeez Shaikh. Yuk­i­torhi Fono, Ex­ec­u­tive vice Pres­i­dent, Toy­ota Mo­tor Cor­po­ra­tion Ja­pan and Mr. Junro Shimiru, Chair­man Toy­ota Mo­tors In­dus Com­pany were also present at the oc­ca­sion. Mr. Funo, Ex­ec­u­tive vice Pres­i­dent, Toy­ota Mo­tors Cor­po­ra­tion Pak­istan and Ali S. Habib, Chair­man IMC thanked the Fed­eral Min­is­ter for his pres­ence and sup­port.

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