IR-Policy Member Shahid Asad urges business community to pay taxes honestly for making Pakistan prosperous
ISLAMABAD: Despite facing resistance from business community on various issues, the Federal Board of Revenue (FBR) has collected Rs 183 billion during August of fiscal year 2015-16 by surpassing the collection of corresponding period of 2014-15 by Rs 5 billion.
As per details, the FBR has collected Rs 332 billion during first two months of running fiscal year against the collection of Rs 313 billion during same period of last year by marking six percent growth.
FBR Inland Revenue-Policy (IR-Policy) Shahid Hussain Asad said that department was doing its best to collect the revenue for the state despite facing the lack of tax culture in the country.
If business community will not pay the taxes honestly, it will be difficult for government to relieve the marginalised part of the society and to complete the development projects to make the country sustainable, Asad said, saying that Pakistan was facing budget deficit to the tune of Rs 1.7 trillion which could be overcome by paying taxes.
He said that Pakistan’s industrialists and business community have potential to free the country from getting foreign loans. He also urged the business community to play the role along with FBR to make the country prosperous.
