PESHAWAR
\nPresident, Sarhad Chamber of Commerce and Industry Fuad Ishaq said it is essential for success of Tajir Dost Scheme that this scheme should be approved by Parliament of Pakistan for next 20 year, along with giving sovereign guarantee that there will not impose any new tax on business community after implementation of the scheme.
\nThe SCCI chief demanded further reform initiatives to simplify the taxation system and bring the tax rate to single digit. Besides, elimination of double taxation, traders should be facilitated under one-window operation, he stressed.
\nHe also called for promoting close liaison and coordination between chambers, business community and tax-collection authorities to take joint measures for amicable resolution of the traders\u2019 issues.
\nFuad Ishaq was speaking to members of the business community during the visit of Chief Commissioner, Regional Tax Office Peshawar Zafar Iqbal here on Thursday.
\nChief Coordinator Tajir Dost Scheme, Naeem Mir, Commissioner RTO Peshawar Dr Syed Farooq Jamil, Additional Commissioner Aisha Dilshad, DC Headquarters Riaz Ahmad Khan were accompanied by the Chief Commissioner RTO Peshawar.
\nThe meeting was also attended by SCCI Vice president Ejaz Khan Afridi, former presidents Haji Muhammad Afzal, Zahidullah Shinwari, Sherbaz Bilour, former senior vice presidents Ziaul Haq Sarhadi, Imran Khan Mohmand, executive members Javed Akhtar, Hamza Ibrahim Butt, Muhammad Ismail Safi, Kashif Amin, and Nadeem Rauf, Saddar Gul, Ishtiaq Muhammad, Bakht Zaman, Atif Shahzad, Malik Khalid Farooq, Ihsanullah, Aftab Ahmad, traders importers and exporters.
\nOn the occasion, Chief Commissioner RTO Zafar Iqbal and other officials briefed participants about important points, importance and benefits of Tajir Dost Scheme, which according to the officials, aimed at broadening the existing tax net.
\nPakistan is annually paying Rs8trillion on head of debt servicing for internal and external loans and the same amount generated through various taxes, which is insufficient for the country\u2019s progress, Fuad Ishaq said.
\nThe SCCI chief asked for broadening the tax base by avoiding imposition of new taxes on the existing taxpayers. He said the business community wants to see Pakistan in the rank of developed nations but we should redirect policies and make them favorable and friendly for business, trade and industry.
\nFuad Ishaq suggested Federation of Pakistan Chambers of Industry (FPCCI), chambers, Institute of Chartered Accountants of Pakistan and economic wing of Army should jointly prepare the fiscal budget.<\/p>\n","protected":false},"excerpt":{"rendered":"
PESHAWAR President, Sarhad Chamber of Commerce and Industry Fuad Ishaq said it is essential for success of Tajir Dost Scheme that this scheme should be approved by Parliament of Pakistan for next 20 year, along with giving sovereign guarantee that there will not impose any new tax on business community after implementation of the scheme. […]<\/p>\n","protected":false},"author":2,"featured_media":411365,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-411343","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\n