ISLAMABAD: Prime Minister Muhammad Nawaz Sharif on Friday stressed for bringing the tax rate down so that the people pay taxes happily.
While launching Voluntary Tax Compliance Scheme for registration of non-filer traders in Islamabad, Nawaz Sharif said economic policies should be framed in consultations with traders, business community and others.
“The traders should cooperate with the government for the development of the country. Federal Board of Revenue should frame public friendly policies,” he said.
He said the government wanted to resolve all internal and external issues through consensus.
The PM said Pakistan enjoyed good relations with all its neighboring countries. He said the government had to defeat challenges including terrorism, and energy shortage at every cost.
He said law and order situation in Karachi had improved a lot because of the steps taken by the government.
Sharif said the government believed in transparency in all matters and through transparency it had saved billions of rupees in LNG based energy projects alone.
Finance Minister Ishaq Dar said the Voluntary Tax Compliance Scheme would be presented in the parliament to provide legal cover to beneficiaries.
He said everyone except parliamentarians could benefit from the scheme. He said those convicted of terrorism, money laundering and under anti-narcotics laws also could not benefit from the scheme.
Prime Minister’s Special Assistant on Revenues Haroon Akhtar Khan said Pakistan’s economy was moving from stable to vibrant as a result of prudent policies.
He said SROs worth Rs223 billion have been abolished. Now SRO could only be issued with the approval of elected parliament.
He said those who file their return of worth Rs1 million had not required to file wealth tax under the scheme.
On this occasion, Chairman Anjuman-e-Tajiran Khawaja Shafiq assured cooperation in the success of voluntary tax compliance scheme.