Wednesday, 12 June 2024, 08:39:42 pm

PRBC lauds Govt’s steps for improving country’s economy
May 21, 2024

Pakistan Retail Business Council has expressed appreciation for steps being taken by the Government to improve economic conditions in the country.

A delegation of PRBC led by its Chairman Ziad Bashir also highlighted the need for the inclusion of untaxed undocumented retail sector in the tax net during their meeting with Finance Minister Muhammad Aurangzeb in Islamabad today. 

They also extended their support for FBR's Tajir Dost Scheme.

Additionally, they informed the Finance Minister about the challenges being faced by the retail businesses.

Furthermore, they gave proposals to encourage documented business in the country.

The Minister acknowledged their concerns and mentioned that McKinsey and Company has been engaged to assist the FBR's end-to-end digitalization, which will broaden the tax net.

He also apprised the delegation that he has asked Minister of State Ali Pervez Malik to oversee this task on a day to day basis to ensure timely completion of this exercise.

Finance Minister Muhammad Aurangzeb thanked the PRBC delegation and assured them that the Government will give due consideration to the proposals submitted by them for the benefit of both the country and the business community.