Three Committees To Address Budget Related Issues Prior Passing Of Finance Bill By NA

Three committees to address budget related issues prior passing of Finance Bill by NA

Senior Vice President (SVP) and chairman Budget Advisory Council of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI)

Islamabad, (Pakistan Point News - 30th Apr, 2018) : Senior Vice President (SVP) and chairman Budget Advisory Council of the Federation of Pakistan Chambers of Commerce & Industry (FPCCI), Syed Mazhar Ali Nasir has informed that the government has formulated three committees each on budget anomaly, export package and GIDC to address the issues expeditiously, before passing of the Finance Bill, 2018 by the National Assembly. Showing mix reaction on the Federal Budget 2018-19 announced on April 27, 2018, FPCCI President Ghazanfar Bilour and SVP Syed Mazhar Ali Nasir expressed their gratitude and thanks to the Prime Minister, Finance Minister, Commerce Minister and chairman FBR for giving due importance to the FPCCI budgetary proposals and incorporating most of them in the Finance Bill, 2018.

However, they showed concerns on some of the fiscal measures as proposed vide Finance Bill. The SVP FPCCI hoped that the anomalies of the Federal Budget 2018-19 would be addressed in the Anomaly Committee Meeting. In this respect, he referred to the issues relating to all sort of refunds, Further Tax, GIDC, Pharmaceutical Industry, Commercial Importers, LPG, Construction Industry and other major issues of the Finance Bill, 2018. Syed Mazhar Ali Nasir informed that Miftah Ismail has very kindly agreed to visit the FPCCI Head Office Karachi in the current week and hold a meeting with the business community. This would be his first ever visit to any trade body after assuming the portfolio of Finance Minister, he added.