LAHORE:Addressing a ceremony in Lahore, the basic aim of the budget is to increase industry and employment in Pakistan.
He emphasised that the main theme was to save the industry and employment sectors and solve tax-related issues in the two sectors.
He said that drastic measures have been initiated in the budget to stabilize economy.
He identified Customs as an area where most problems were faced by industrialists. “People have several complaints when it comes to Customs, especially clearance,” he said said.
He said traders and entrepreneurs are facing a lot of problems and FBR is committed to resolve all problems. He said FBR is also trying to redress grievances of traders regarding custom duty.
“Green Channel will be increased from 40 to 60 percent,” announced Zaidi.
Shabbar Zaidi has said that an individual will not be audited multiple times adding that a circular will be issued in this regard.
“Audits don’t bring results. An audit is more of a form of harassment than anything else,” Zaidi said.
Zaidi also told that the prices of edible ghee and oil would not be increased after strict directives from the Prime Minister himself.
Chairman FBR also announced that none of the accounts have been frozen as yet of the people who failed to or refused to declare assets in the government’s declaration (amnesty) scheme.
Zaidi expressed that they had been working diligently towards ending misuse of power in the institute and bettering the workings of the Federal Board of Revenue.
Speaking on the IMF bailout package Zaidi said that the International body had given a major relief to the government in terms and conditions.
Zaidi expressed resolve to completely automate the processes of the institute and its dealings.
Earlier, The Federal Board of Revenue on July 3 announced that Rs70bn revenue was collected through ‘Asset Declaration Scheme’.
A FBR spokesperson told the journalists that a total 110,000 people had taken benefit from the tax amnesty scheme and added that over 25,000 people were in pipeline.(RP)
