Karachi
\nFinance Minister Muhammad Aurangzeb held a high-impact virtual dialogue with the OICCI, attended by senior leadership of leading multinational companies operating in Pakistan.
\nThe Minister shared the Government\u2019s medium-term economic vision focused on broadening the tax base, raising the tax-to-GDP ratio for long-term fiscal sustainability, and reinforcing macroeconomic stability through structural reforms.
\nHe noted that changes in Pakistan Revenue Automation Limited (PRAL) have already been implemented to enable greater transparency, efficiency, and highlighted the potential for private sector participation in data-driven enforcement going forward.
\nHe also shared that the global investors, during his recent US visit, expressed confidence in Pakistan\u2019s pace of turnaround and encouraged the Government to sustain its reform momentum.
\nFinance Minister Muhammad Aurangzeb reaffirmed the Government\u2019s resolve, stating: \u201cWe are committed to implementing reforms that will enable a more equitable tax regime, encourage investment, and position Pakistan on a trajectory of inclusive and sustained economic growth.\u201d
\nPresident OICCI Yousaf Hussain stated: \u201cWe fully support the Government\u2019s economic direction and its medium-term commitment to building a sustainable and resilient growth model \u2014 with a particular emphasis on export expansion, localization of inputs, and structural reforms focused on competitiveness and production efficiency.\u201d
\nChief Executive and Secretary General OICCI M. Abdul Aleem added, \u201cWe appreciate Finance Minister Muhammad Aurangzeb\u2019s recent engagements in Washington and his effective outreach to global stakeholders.<\/p>\n
These efforts, along with the Government\u2019s steady articulation of a medium-term strategy focused on structural reforms, fiscal discipline, and sustainable growth, send a strong and encouraging signal to the business community.\u201d
\nThe meeting was also attended by CEOs of OICCI member companies and FBR member Policy and FBR member Customs. The CEOs of OICCI member companies raised specific questions relating to sales tax anomaly on oil refineries and other issues on tax enforcement in Pakistan.
\nThe meeting concluded with a shared commitment to deeper public-private collaboration for sustainable economic growth.<\/p>\n","protected":false},"excerpt":{"rendered":"
Karachi Finance Minister Muhammad Aurangzeb held a high-impact virtual dialogue with the OICCI, attended by senior leadership of leading multinational companies operating in Pakistan. The Minister shared the Government\u2019s medium-term economic vision focused on broadening the tax base, raising the tax-to-GDP ratio for long-term fiscal sustainability, and reinforcing macroeconomic stability through structural reforms. He noted […]<\/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-476120","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n