KARACHI: Different financial institution of the world are showing confidence in the economy of the Pakistan and are declaring it as an Asian Tiger in upcoming future.
According to the details, the World Bank has shown its trust in the stability of Pakistan’s economy whereas it seeks the government take more steps to boost tax net so that wealth of the country can be further strengthened.
Reports suggest a delegation of the World Bank is expected to visit Pakistan during which it will also meet senior customs officials to discuss issues related to the taxation.
The World Bank team has also contacted the customs authorities in order to further enhance the tax reform system in the country and in this regard will meet the customs officers of IOCO, Exports, Custom Collectorate Appraisement East and Custom Collectorate Appraisement West. The dates of meetings are yet to be finalized, the source said.
During the meeting the customs authorities would discuss the issues pertaining to the tax collection, tax evasion as well as mis-declaration. The Customs authorities in this regards has prepared a comprehensive presentation through which they can discuss the modern techniques and reform in connection with customs and its tax collection.
Local financial experts have stressed a need to further broaden the tax net countering the process of smuggling of dollars to different countries through illegal ways whereas has express satisfaction over indicator beside the development work of China Pakistan Economic Corridor (CEPC) maintaining it as a game changer in the continent.
