ISLAMABAD: Islamabad Chamber of Commerce and Industry (ICCI) President Muzzamil Sabri has said that the government should bring ease in taxation system, besides taking the business community into confidence before finalising the budget 2015-16.
He also lauded the policies of current government to overcome the energy crises and boosting the economy, besides terming the Chinese investment of US $46 billion helpful for the economy of Pakistan.
In an interview with Customs Today, Sabri said that public economic managers must promote ease of doing business in the country. He said that government must concentrate on horizontal tax-net increase by simplification of national tax number form and tax rate reduction, adding that universal self assessment must be revived for tax collection.
In a question, Muzzamil Sabri said that salaried class gave highest taxes and these taxes must be utilized in healthcare, education and development. Like previous year, government should consult business community before forming fiscal budget of 2015-16.
To overcome the energy shortage, he suggested that government must give priority to hydel power projects. Finance minister Ishaq Dar is well aware of our suggestions but implementation was required, he added.
Government should improve Pakistan’s world ranking and vision 2025 must be realistic and think tank comprises experts from private sector must be formed, he said.
Focus must be on capacity building of current management instead of privatisation of state owned entities. “We welcome operation of Chinese Import and Export Bank but rate must be pegged with rupee instead of dollar,” he said.
ICCI was voice of more than 2900 members including exporters and importers. We help our members in matters related with tax, trade opportunities, industrial estates, capacity building and EOBI. Every month two to three foreign delegation visit the chamber and share opportunities in agriculture, energy and business with our members.
In a question, the president said that textile, sports, surgical and pharmaceuticals sectors will boom as we were advocating for textile value addition, corporate farming and tourism promotion.
