Steps afoot to rationalize tax regime: Asad Umar

LAHORE: Federal Finance Minister Asad Umar has said that the steps are afoot for rationalization of tax regime.

A delegation comprising presidents of fourteen chambers of commerce and industries from all over the country called on the Finance Minister Asad Umar here on Tuesday.

The delegation was led by Almas Haider, President Lahore Chamber of Commerce and Industry (LCCI).

The delegation had discussion with the Minister on overall business environment in the country, measures for facilitation to business community and shared with him proposals in this regard.

Finance Minister said the present government would extend all possible facilitation to the business and traders community as they had a major contribution and key role to play in strengthening of the economy.[the_ad id=”32940″]“Government is taking measures to increase industrial competitiveness” said Adviser to the Prime Minister on Commerce Abdul Razak Dawood. “More measures will be taken to boost investment in the country” he added.

A delegation of presidents of chambers of commerce called on Adviser to the Prime Minister on Commerce, Textile, Industries & Production and Investment Abdul Razak Dawood here in Islamabad.

The delegation welcomed the Saudi investment in the country and appreciated current government’s effort to bring such a huge investment. The delegation also congratulated Adviser on the successful completion of Pak-Saudi Business Conference.

The delegation also presented proposals regarding tariff policy for upcoming budget which was jointly prepared by the chambers of commerce. Delegation also requested to remove custom duties on raw materials.

Adviser to the Prime Minister on Commerce assured the delegation of full support and cooperation to resolve all the issues faced by the industry.

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