Business council body vital to encourage private sector: Dar

07:07 PM | 26 Mar, 2015
Business council body vital to encourage private sector: Dar
KARACHI (APP) - Federal Minister for Finance and Economic Affairs, Senator Ishaq Dar here Thursday announced to form a business advisory council to strengthen the government-private sector partnership.

"I will also request Prime Minister Nawaz Sharif to become the patron-in-chief of this council," the Minister responded to the demand by President Federation of Pakistan Chambers of Commerce and Industry (FPCCI) Mian Muhammad Adrees, during his meeting with FPCCI members at the Federation House.

He said the economic advisory council has already been formed that is effectively working. When his attention was drawn to NTN issue, he said that from first of July 2015, CNIC number will work as NTN number. He said the exports of the country make 10 percent of the gross domestic product (GDP), which should be at least 15 percent of GDP.

About the PML(N) government's promise for reforms in SROs regime, he said, "there is a need for overall cleaning and we are in the final phase."

He informed that the government has set up a tax reforms commission and the agenda will be completed along with the private sector representatives.

To a query, he said income tax exemption certificates now can be got on-line and that human contact has been minimised to the possible level.

Chairman Federal Board of Revenue (FBR) Tariq Bajwa, who was present, to hold a detailed meeting with representatives of these five sectors to sort out the issues including separation of domestic consumption from the exports for reaching final decision in this regard.