KARACHI: Counsel General of Malaysia in Karachi, Ismail Mohammad Bkri, has lauded the automation and modernisation of tax systems of Federal Board of Revenue.
He praised the FBR’s system while visiting Karachi Regional Tax Office along with his delegation, including Mazlan Harun, Consul (Trade), Fairus Hidzir, Consul (Science), Shahid Abu Bakar, Consul (Agriculture) and Mohammad Taib Ibrahim, Director Malaysia Tourisur (Promotion Board) posted in Dubai.
Chief Commissioner Hafiz Muhammad Ali Indhar received the delegation and gave them a brief presentation on organisational structure of FBR in general and Karachi Inland Revenue in particular. He also highlighted the importance of Karachi City as an economic hub of Pakistan and hence the major revenue spinner of the country.
The delegation expressed profound interest in the taxation system of Pakistan.
Dr Tariq Masood elaborately explained the facts that Pakistan is increasingly becoming business-friendly country and striving for creating positive investors sentiment, as was evidenced by the declining rate of corporate tax in region.
Later, the questions/answers session was held in which a wide variety of questions were asked by the members of the delegation which were answered to the satisfaction of the guests.
During the session, an array of questions ranging from automation of tax system, avoidance of double-taxation treaties, advance tax, agricultural income tax to preferential treatment to exporters were answered and explained to the delegation.
Chief Commissioner-IR Hafiz Muhammad Ali Indhar also presented memento and bouquet to the Counsel General of Malaysia.
