ISLAMABAD: President Islamabad Chamber of Commerce and Industry (ICCI) Shahban Khalid urged the government to broaden tax net and make reforms in the taxation system to get sustainable economic growth and development.
Talking to APP, President ICCI said that government should set the annual tax target on equality basis and impose taxes on all industries on performance basis.
He added that business community had never opposed the levy of tax, however it demanded tax should be imposed with its consultation to help promote tax- friendly atmosphere in the country.
Replying to question, he said that roadshows led by the Finance Minister Mohamamd Ishaq Dar in Dubai ,London and New York got encouraging response from the foreign investors.
He said that Pakistan's roadshows for the issuance of Euro Bonds has presented the soft image of country at international business markets to attract the investors in domestic market.
President ICCI said the government should adopt economic diplomacy to have access to international markets for economic growth.
President ICCI urged the government to consult the business community to devise a joint strategy for addressing economic challenges of the country.
Shahban said, "Pakistan could exploit its geo-strategic position by providing trade routes at regional and global level that would help make Pakistan a trade hub," he added.
He said the relations with world economic powers should be maintained on the basis of mutual respect and equality to ensure dignity of the country.
He vowed for regional economic integration to make cordial relation with all regional countries for strengthening mutual trade and investment in the region.
He said the trade and economic relations with Afghanistan would promote the country's access towards the energy-rich Central Asian States to resolve country's energy issues.
Shahban Khalid urged for devising a long-term energy policy to resolve the energy crisis on sustainable basis.
Replying to another question, president ICCI asked the government to legalize the money transaction to the Pakistani students studying abroad in order to discourage the illegal methods of transactions including hondi or hawala.
He said the government must focus on alternate energy sources like hydel, coal, solar and agro to shift from oil.
He also underlined the importance of maintaining law and order situation in country to attract the foreign and local investment.
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