FBR’s tax recommendations for budget 2017/2018 in final stages

ISLAMABAD: Dr. Muhammad Irshad, Chairman, Federal Board of Revenue (FBR) has said that tax recommendations for budget 2017/2018 in the final stages and will be completed in a timely manner.
The FBR chairman was responding to Finance Minister Senator Mohammad Ishaq Dar instructions that the FBR must finalize budget work as early as possible according to the prescribed timelines.
The finance minister chaired a preparatory meeting with FBR officials for the upcoming budget for FY 2017-2018 on Thursday at the Ministry of Finance.
Special Assistant to Prime Minister on Revenue, Haroon Akhtar Khan, Finance Secretary, Chairman FBR, and senior officials of FBR and the Ministry of Finance also attended the meeting. Minister of State for IT & Telecom, Anusha Rehman Khan, Secretary IT & Telecom, and senior officials of the Ministry of IT & Telecom, also joined the meeting briefly to discuss tax-related proposals of the IT and Telecom sector.
The finance minister highlighted the 5.28 percent GDP growth rate achieved by Pakistan during FY 2016-17, which is a ten-year high, and the target for the next fiscal year is 6 percent growth.
The finance minister emphasized that strong revenue generation will play a crucial role in achieving the targets for economic growth. He highlighted that great strides have been made in tax collections under the present government, and the aim is to generate even higher revenues in the coming fiscal year.

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