PESHAWAR
\nSarhad Chamber of Commerce and Industry president Fuad Ishaq and Member Operation, Federal Board of Revenue (FBR) Islamabad Farid Iqbal have agreed to form a joint committee, consisting on members of the chamber and Customs department to resolve business community, importers and exporters issues.
\nFuad Ishaq demanded bringing the tax-ratio to single digit to strengthen the economy, trade and businesses. He called for broadening the existing tax-base by inclusion of new people in the net instead of burdening taxpayers with new taxes.
\nAccording to detail, Member Operation FBR Islamabad Farid Iqbal visited the chamber house on Friday. The meeting was presided over by SCCI chief Fuad ishaq.
\nSCCI senior vice president Sanaullah Khan, Senator Nauman Wazir, former president Zahidullah Shinwari, Riaz Arshad, Haji Muhammad Afzal, chief collector customs Khyber Pakhtunkhwa Saeed Akram, Collector Customs Enforcement Khawaja Kurrum Naeem, Collector Custom Appraisement Amjadur Rehman, Director Customs Transit Arbab Qaiser, PRO Customs Peshawar Sohail Ahmad, SCCI\u2019 executive committee members Hamza Ibrahim Butt, Minhajuddin, and former senior vice president Ziaul Haq Sarhadi, Ihsanullah, Rashid Iqbal Siddiqui, FMCG president Atif Shehzad, general secretary Aftab Amin, Khalid Farooq, traders, industrialists and importers and exporters were present during the meeting.
\nFuad Ishaq while speaking on the occasion called for simplifying the existing taxation system through reforms.
\nHe demanded early for Khyber Pakhtunkhwa businessmen refunds. He also stressed the need for removing reservations of the business community attached with consumers\u2019 goods regarding the imposition of the Point of Sale (POS) system.
\nHe suggested equalization tariffs of 224 items with duties of Afghanistan.
\nSimilarly, he proposed five year tax-holidays for KP businesses and industries for all taxes and provision of uninterrupted gas and electricity supply to industries and making reduction in their prices.
\nHe said business friendly policies should be implemented to flourish industries, business and economy.
\nFarid Iqbal, member Operation FBR while responding to various queries of the participants said that facilitation of the business community, resolution of their problems and bringing ease in taxation system is topmost priority.
\nHe noted Pak-Afghan bilateral trade is passing through a challenging phase. He, however, said steps were taken for streamline and smooth border trade, because a prosperous business community and taxpayers are essential to economic stability and development in the country.
\nPakistan\u2019s economy 70 percent dependent on border trade, and government initiatives were always while keeping in national interest, Mr Iqbal said. He agreed with proposals of SCCI chief and other participants regarding bringing reforms in taxation system and amicable resolution of business community problems.
\nFarid Iqbal assured the issues would be taken up with relevant authorities and would resolve amicably. He said all possible steps would be taken to provide relief to the business community.<\/p>\n","protected":false},"excerpt":{"rendered":"
PESHAWAR Sarhad Chamber of Commerce and Industry president Fuad Ishaq and Member Operation, Federal Board of Revenue (FBR) Islamabad Farid Iqbal have agreed to form a joint committee, consisting on members of the chamber and Customs department to resolve business community, importers and exporters issues. Fuad Ishaq demanded bringing the tax-ratio to single digit to […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-389123","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n