ISLAMABAD: Pakistan Businessmen and Intellectuals Forum (PBIF) President, Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister Mian Zahid Hussain on Friday said local banks are not capable enough to meet the requirements of CPEC.
The government should ask banks to increase their strength and invite big foreign banks to step into Pakistan’s promising market, he said. Hussain said that Federal Board of Revenue (FBR) has started implementation of establishing 41 buildings on the economic corridor to handle tax related issues. Now the government should immediately increase budget and number of employees of the apex tax agency so that it could handle tax matters properly, he added. He said that the most important project is establishment of proper facilities on the Pakistan-China border in Gilgit-Baltistan where the related facilities are not up to the required level.
