Mif­tah Is­mail greeted

The Pak Banker - - NATIONAL - Ja­hangir Hayat LA­HORE

Pro­gres­sive Group, in the La­hore Cham­ber of Com­merce & In­dus­try, con­grat­u­lat­ing Mif­tah Is­mail on his ap­point­ment as ad­vi­sor to the PM on Fi­nance and Rana Muham­mad Afzal as State Min­is­ter of Fi­nance has ex­pressed the hope that both the personalities by us­ing their knowl­edge and ex­pe­ri­ence will suc­ceed in putting the coun­try’s econ­omy back on track, which was wit­ness­ing some slug­gish­ness be­cause of po­lit­i­cal un­cer­tainty.

In a joint state­ment is­sued here on Thurs­day, Pro­gres­sive Group’s Pres­i­dent Khalid Us­man, Ar­shad Chaudhry, Muham­mad Ejaz Tan­veer, Ab­dul Wadood Alvi and oth­ers said that both should work for ex­pand­ing rev­enue col­lec­tion by bring­ing those in to the net who are out of it in­stead of squeez­ing the ex­ist­ing tax­pay­ers.

They urged the newly ap­pointed min­is­ters to take the stake­hold­ers on board while re­vamp­ing the eco­nomic and fi­nan­cial poli­cies. They said that they should im­me­di­ately go for abol­ish­ing the reg­u­la­tory duty which was re­cently levied by the gov­ern­ment. They said that only ra­tio of di­rect taxes should be in­creased and in­di­rect tax­a­tion should be dis­cour­aged.

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