ISLAMABAD: Prime Minister Shahid Khaqan Abbasi has said the government is mulling over a proposal of reducing tax rates in order to facilitate documentation of economy and broadening of the tax base.
The prime minister said at a meeting with a delegation of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) headed by its President Ghazanfar Bilour, which visited the PM House.
Muhammad Pervez Malik, Minister for Commerce & Textile was also present during the meeting.
The prime minister said that private sector should play a leading role towards enhancement of country’s exports. “The government will welcome the proposals from the private sector and will continue to facilitate the business community in every possible manner.”
The prime minister welcomed the delegation and congratulated the newly elected office-bearers of the FPCCI.
Recounting various measures that have been taken by the government for facilitation of the business community, the prime minister said that the government was actively working on improving ease of doing business in the country.
The prime minister said that a policy was also under consideration to encourage people bring their capital back to the country and invest in productive sectors of economy.
Issues relating to various sectors of the economy, ease of doing business, enhancement of country’s export, input costs and taxation issues were discussed during the meeting.
The delegation appreciated the steps taken by the present government especially addressing law & order, the energy crisis and taking the business community and other stakeholders onboard in putting in place a business-friendly environment in the country.
Highlighting certain issues faced by the business community, the delegation members presented various proposals aimed at further facilitation of the business community, reducing input costs and taking other necessary measures for boosting confidence of the business community and capitalizing trade potential of the country especially enhancement of trade with international trade partners and organizations.
