02132016Sat
Last update: Sat, 13 Feb 2016 05pm

Clarification

Shahid Hussain Asad, Member (IR Policy)/ Official Spokesman FBR, has clarified that the reporting of the SDPI Seminar (held on 29-11-2013) in certain newspapers stating that he criticised economic package of the Prime Minister, is absolutely incorrect. The Package announced by the PM fully incorporates the input from FBR and has the unequivocal support and ownership of the management of FBR, and that he sincerely believes that it will help kick start the industrialisation in the country.

It will provide informal sector an opportunity to come into the formal sector of the economy which will result in increasing the size of formal/documented economy. The incentive for industrialisation is expected to create direct and indirect job opportunities for hundreds of thousands of people. The concession to dormant NTN holders and new taxpayers will result in substantial increase in number of Income Tax Returns filers/broadening of tax base.

Copyright Business Recorder, 2013