LAHORE: Federal Board of Revenue (FBR) Chairman Dr Muhammad Irshad attended seminar on private sector credit and growth in tax revenue and held a meeting with Lahore Tax Bar Association delegation.
The seminar was arranged by Allied Bank Limited (ABL) at a local hotel and a large number of participants were present on the occasion.
Addressing the participants the Chairman FBR stressed the need of the growth of private sector for the sustainable economic growth and development.
The chairman was of the view that growth in private sector credit plays important part in development and also enhances tax revenue due to the positive effect of the rising economic activities in an economy.
Meanwhile the chairman held meeting with delegation of Lahore Tax Bar Association (LTBA) and assure the office bearers of LTBA of resolution of the issue concerning delays in the registration of NTN and registration.
The chairman FBR Dr Irshad also assured the delegation of making audit procedures simple and for cancellation of the registration permission by chief commissioner was made mandatory.
The chairman also urged the lawyers to contest only the genuine tax cases as no country can be run without tax revenue.
The delegation was led by LTBA president Qamaruz Zaman Ch while vice president Shahbaz Sidique, Finance Secretary Rana Mubashar, Secretary Irfan Haider Shah, ex-President Ferhan Shahzad, Monum Sultan, Athar Naveed Kiani, Mirza Mubashar Baigh, Farooq Baig, Chief Commissioner Khawaja Adnan Zaheer, Chief Commissioner LTU Zulqurnan Tirmazi, Chief Commissioner Nadeem Rizvi and other were present.
