LAHORE: Importers and exporters should adopt e-payment system for duties and taxes online instead of wasting their precious time in lines in front of banks.
These views were expressed by Additional Collector of Customs Appraisement Rashid Munir on Wednesday here. The additional collector said that businessmen’s time is precious and they should save their time by adopting online and e-payment system.
He said that by adopting the e-payment system for duties and taxes they would save time and when time is saved it means money is saved. He said that it has become a reality in the present ear that customs have facilitated the importers and exporters by implementing the e-payment system.
The e-payment system will save huge and valuable time enabling them to spent the time in their business growth and development,” he highlighted.
The LCCI President Malik Tahir Javaid, Vice President Zeshan Khalil, Additional Chief Manager, State Bank of Pakistan Ansar Iftikhar Butt, Additional Collector Customs Rashid Munir was prominent amongst the others.
LCCI President Malik Tahir Javaid said that system of online tax payment will certainly prove to be a positive step towards improving the ranking of Pakistan especially in ‘paying taxes’ that is one of the ten factors of Ease of Doing Business.
He said that according to the recently released World Bank Ease of Doing Business 2018 Report, Pakistan has slipped three places from its last year’s ranking of 144th, reaching 147th among 190 economies. Our ranking in ‘Paying Taxes’ is 172 which has to be improved to bring major turnaround in overall ranking.
“We must understand that international investors consider Ease of Doing Business ranking before making investment decisions in any country. Such a low ranking dents the image of Pakistan badly in the eyes of foreign investors and the government’s business friendly perception. It is the joint responsibility of all the stakeholders of the economy to collaborate with each other to set the things in order”, the LCCI chief added.
