Proposals Of Business Community To Be Implemented: Asad Umar
Fakhir Rizvi Published January 28, 2019 | 05:02 PM
Finance Minister Asad Umar on Monday said that business community's proposals and suggestions were imperative to resolve various trade and industry related issues in the country
ISLAMABAD, (UrduPoint / Pakistan Point News - 28th Jan, 2019 ) :Finance Minister Asad Umar on Monday said that business community's proposals and suggestions were imperative to resolve various trade and industry related issues in the country.
Addressing the business community at Federation of Pakistan Chambers of Commerce (FPCCI) office Lahore, the minister said that the proposals of the traders would be implemented for promotion of trade and business.
According to press statement issued by the ministry here, the minister said that in addition to China Pakistan Economic Corridor (CPEC), there was need to focus on domestic economic zones to benefit the local industry.
The federal minister said that the government would bring about reforms in audit system for timely and proper analysis, adding it had also directed the Federal board of Revenue (FBR) to simplify the tax return mechanism to facilitate taxpayers.
The minister said that the government would provide additional incentives and facilities to the tax-filers to encourage more people to file returns and promote tax culture in the country.
He said that the government intends to introduce new schemes in SMEs sector, adding initially these schemes would be introduced in federal capital and then will be replicated all across the country.
The minister informed the business community that transmission of electricity would be improved and also underlined the need for producing low-cost electricity to reduce the cost of doing business.
Among others, State Minister, Hammad Azhar, President FPCCI, Dawood Khan Achakzai and other businessmen were also present on the occasion.
On the occasion, the businessmen apprised the minister of the issues and problems thebusiness community of the country was facing and urged for their resolution to help economicdevelopment.
Related Topics
Recent Stories
Journalists call for global action to end Gaza’s humanitarian crisis
CM for generating opportunities to bring direct int'l investment
Pakistan retains position in FTSE secondary emerging market
High Commissioner of Malaysia hosts Iftar dinner reception
NEPRA announces 2nd quarterly adjustment in power bills with Rs 1.68 cut per uni ..
Hoopo Inc. Collaborates with SAU to Install Solar-Powered RO Plant
04 killed in Spain as Storm Nelson looms
Russian military jet crashes into sea off Crimea: Governor
Rain-windstorm/thunderstorm likely at various parts of country
Implementation of Sindh Agriculture Workers Act-2019 demanded
Pandemic accord talks heading for extra time
Khawaja reiterates PM commitment to judiciary
More Stories From Business
-
Pakistan retains position in FTSE secondary emerging market
6 hours ago -
Pakistan retains position in FTSE secondary emerging market
6 hours ago -
China's competitive car market at heart of global EV revolution
6 hours ago -
China's Xiaomi enters car market with new electric vehicle
6 hours ago -
Pak-Türkiye strategize to boost bilateral trade to $5 billion
9 hours ago -
Chief Representative of CFFEX in Pakistan and PSX Director meet Finance Minister
9 hours ago
-
Banks to open on March 30, 31 to facilitate tax collection
9 hours ago -
Stock markets rise before Easter break
9 hours ago -
NCA approves revised first quarter GDP estimates for 2023-24
9 hours ago -
26% increase on tobacco tax can reduce PKR 300bn in health cost
11 hours ago -
Minister expresses anguish over alleged use of poor-quality material
11 hours ago -
Commerce Minister initiates push for E-commerce growth with in-house briefing
12 hours ago