Govt to welcome budget proposals to promote businesses

ISLAMABAD: Federal Minister for Revenue Haroon Akhtar Khan Tuesday assured the real estate industry that the government would welcome budget proposals for promoting businesses and generating more revenue for the country.

"The government is not there to merely tax the people and their businesses, but to offer them a level-playing field which can help boost growth of their businesses," he said while talking to a delegation of Federation of Realtors of Pakistan (Real Estate), which met him here at the FBR House.

The delegation led by Realtors Federation's President Major Muhammad Rafique presented a set of proposals and recommendations to the minister for the uplift of real estate business.

The delegation included members of the federation, including Rana M. Arshad, Israr Ul Haq, M Aslam Khan Dawar, Javed Khattak, M Ahsan Malik, Shafqat Bandesha, Ch. Ihsan ul Haq, Ch. Tahir Masood, Mian M Naeem, Muhammad Waseem Chaudhry and Muhammad Faizan.

Haroon Akhtar Khan assured the delegation that the government sincerely wanted to address concerns of the real estate sector as evident from the the recent revision of FBR valuation rates for few localities in six cities of the country in response to a number of representations made to the government in recent months.

He said the government was also exploring ways and means to attract the overseas Pakistanis to invest their hard-earned money in the country.