Published On: Thu, May 16th, 2019
Published in Category: Lahore

FPCCI and UBG welcome Tax Amnesty Scheme

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LAHORE: Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and United Business Group (UBG) Wednesday unanimously highly welcomed tax-amnesty scheme announced by Prime Minister Imran Khan and termed it a very positive step of the government to bring tax evaders under tax net by exposing their undocumented and undeclared properties and wealth within country and abroad. FPCCI President Engineer Daroo Khan Achakzai and founder chairman Pak-Us Business Council and veteran trade leader Iftikhar Ali Malik here today discussed this amnesty scheme in details in regard of its benefits to economy of the country. Daroo Khan said new tax amnesty scheme was a right step taken by the government to bring tax evaders under tax net besides enhancing the country’s revenue base.He said increasing tax base and revenue generation was imperative for provision of better economic and social services to people. He further said Pakistan needed such type of amnesty scheme because people

transferred their money abroad due to terrorism and poor law and order situation in the past. “The law and order situation is now fully restored in the country and people can bring their money back by taking full advantage of the new scheme,” he added. He said that all must avail this gold opportunity and whiten their wealth and hidden properties through legal process and contributes towards national economy.

While appreciating this amnesty scheme, Iftikhar Ali Malik said the entire business community including FPCCI and UBG, all its affiliated chambers, trade bodies and associations welcomed this amnesty scheme and extended full support to Prime Minister Imran Khan for broadening tax base across

the country to help strengthen the bleak economy on sound footings; thus, lessening the burden on existing taxpayers.