Pres­i­dent calls for pro­mo­tion of tax pay­ment cul­ture

The Pak Banker - - NATIONAL -

LA­HORE: Pres­i­dent Mam­noon Hus­sain has called for pro­mo­tion of tax pay­ment cul­ture to take the coun­try for­ward. Ad­dress­ing the sixth con­vo­ca­tion of Vir­tual Univer­sity in Is­lam­abad on Wed­nes­day, he re­gret­ted the hue and cry over 0.3 with­hold­ing tax on bank trans­ac­tions. He clar­i­fied that the tax is ap­pli­ca­ble only on the non-fil­ers of tax re­turns.

Re­fer­ring to law and or­der sit­u­a­tion, the Pres­i­dent said oper­a­tions against ter­ror­ists have im­proved the sit­u­a­tion. He said those try­ing to fan an­ar­chy and chaos de­serve no le­niency. High­light­ing the sig­nif­i­cance of China-Pak­istan Eco­nomic Cor­ri­dor (CPEC) pro­ject, Mam­noon Hus­sain said any hur­dle in the way of this mega pro­ject should be re­jected. He said this pro­ject en­vis­ages con­struc­tion of mo­tor­ways and up-gra­da­tion of Gwadar deep seaport. It will re­vive Pak­istan's econ­omy and cre­ate hun­dreds of thou­sands of jobs.

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