Published On: Sun, May 12th, 2019
Published in Category: Business

Businessmen welcome FBR new chief first order to stop bank accounts freezing without prior notice

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Lahore: The Friends of Economic and Business Reforms (FEBR) has welcomed the first order of Syed Shabbar Zaidi in the capacity of the FBR Chairman to stop freezing of bank accounts without his nod, expressing the hope that the decision would remove trust deficit between tax-collectors and taxpayers, besides achieving revenue collection targets through broadening of tax base.

FEBR President Kashif Anwar, while congratulating him to resume the charge of honourary Chairman of the FBR, observed that it is a good news for the taxpayers that the new chief has directed the tax agency to devise a mechanism to freeze bank accounts in case of a dispute, directing authorities against freezing accounts without his prior approval and notice to the account holder.

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