ISLAMABAD: Minister for Finance Ishaq Dar Saturday said that government was in contact with trader’s community and would resolve their all genuine issues.
Talking to a private news channel, the minister said the country’s economy has moved on right direction, saying that development of Pakistan was the agenda of his party.
The government wanted to remove the misunderstanding of traders on impose of withholding tax, he added.
The minister said that the levy of withholding tax was only applicable to the non- filers and the business community should have a clear understanding of this fact.
The filers, whether their income was in taxable limit or not, were all exempted from paying this tax, Dar added, saying “traders had nothing to fear from this move”.
He said this was a golden opportunity for the traders to file their income returns with the tax authorities. On becoming filers they would automatically avail facility of exemption from withholding tax on banking transactions.
“Pakistan is moving towards growth and development and we are all responsible to contribute our share in this process,” he added.
Ishaq Dar said that PML-N has support of business community and public as a whole, adding that the party during its tenure has taken different difficult decision in the larger national interests.
