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

PFC says amnesty Scheme of PTI is a mega tax offer

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LAHORE: Pakistan Furniture Council (PFC) Chief Executive Mian Kashif Ashfaq Wednesday lauding the amnesty scheme said it was an excellent and attractive ,mega tax offer of PTI government and

termed it a major breakthrough that would help expand tax net as collection of revenue had always been remained under pressure due to various reasons.

Welcoming Asset Declaration Scheme announced by Prime Minister Imran Khan Mian Kashif hoped that this would help the government to accelerate economic activities and achieve tax targets by bringing dead assets into the economy and making them functional.

Presiding over a meeting of board of directors here today, PFC chief termed this government’s initiative as mega tax reform and hoped that it would attract more and more people to get registered with the relevant tax collection authorities. He said increasing tax base and revenue generation was imperative for provision of better economic and social services to people. He said once the tax based is broadened to the required levels, the country will get rid of foreign loaning and such amnesty schemes in future, saying the good intention of the present elected Government should not be considered wrongly.