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Lahore Chamber

Revenue Minister says no changes in tax rate mechanism sans consultation

LAHORE: Hammad Azhar, Minister of State for Revenue, has stated that no procedural change would be introduced without taking all stakeholders along.

This was talking to business community representatives here at Lahore Chamber of Commerce and Industry along with Chairman FBR Shabbar Zaidi.

Assuring that the business community and industrialists would not be harassed by FBR officials, the minister stated that the government was working to enhance the tax to GDP ratio up-to three or four percent within next three to four years.

He further said that their focus would remain on data integration, tax registration, automation and broadening of tax base.

Shabbar Zaidi, FBR Chairman addressing the members of business community said that the Govt. was putting in place effective measures to curb under-invoicing and smuggling to stabilize local industry and businesses. “FBR is now switching over to automation to eliminate human interaction in tax system,” he added. 

M M Alam

M. M. Alam is a Pakistan-based working journalist since 1981. Karachi University faculty gold medalist Alam began his career four decades ago by writing for Dawn, Pakistan’s highest circulating English daily. He has worked for region’s leading publications, global aviation periodicals including Rotors (of USA) and vetted New York Times as permanent employee of daily Express Tribune. Alam regularly covers international aviation and defense-related events including Salon Du Bourget (France), Farnborough (United Kingdom), Dubai (UAE). Alam has reported thousands of events and interviewed hundreds of people in Pakistan, UAE, EU, UK and USA. Being Francophone Alam also coordinates with a number of French publications.