Government urged to conduct audit once in five years

Mardan Chamber of Commerce and Industry (MCCI) has demanded of the government to conduct audit once in five years of traders. It also suggested for bringing more people under the tax-net instead of imposition of additional taxes on already registered tax-payers.
The demand was made by MCCI president Zahir Shah while talking to the media on Sunday. Shah said that the traders are fed up with the audit conducting by several times in a year. He further said that the audit should be conducted once in five years. He urged the government to bring easiness in current tax system as well as activation of arbitration system.
MCCI president stressed need for promotion of small business. He said that government should frame business-friendly policies. He noted that the chamber of commerce and industry play a pivotal role in bridging gap between the local traders, businessman and the traders and businessmen of different parts of the country and other countries.
Shah, who is also president of Markaz-e-Tajiran informed that MCCI had signed agreements with Ukraine, with American consulate. He disclosed that his chamber representatives will soon visit to China and would sign an MoU with the Chinese traders. He added that the visit of China will provide more opportunities to the traders of the region.
He went on say that there are great opportunities with the traders of Mardan region to export their products to other countries including marbles, flour, vegetables, fruits and other items. He said that they can easily do export and import with central Asia countries Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan.
Shah said that MCCI had also inked agreement with the Indian Chamber whoever the MoU was expired and if the relation between Pakistan and India become better we will revisit this MoU. However, he added that in the current situation we avoid this MoU.
The chamber chief said that MCCI had signed MoU with small and medium enterprises development authority (SEMDA), board of investment (BoI), State Bank of Pakistan and some commercial banks and financial institutions. He said that MCCI would try it best to provide better opportunities to the traders of Mardan.