Federal Board of Revenue (FBR) Chairman Nisar Muhammad Khan has said that genuine grievances of the business community would be addressed once the budget proposals of the Lahore Chamber of Commerce & Industry are received.
He was talking to the LCCI delegation, led by its President Abdul Basit on Thursday.
The FBR chairman said that no one else could be interested in the development of trade and industry than the FBR. He said the government needs revenues to run its affairs smoothly and tackle the security and poverty challenges.
He said that the numbers of provincial taxes are much higher than the federal taxes; therefore business community should take up this issue with their relevant governments.
He informed the LCCI delegation that tax-free import is allowed to only machinery and equipment for China-Pakistan Economic Corridor (CPEC).
Raw materials have been excluded by the government from this list on the request of the FBR.
LCCI President Abdul Basit said that the FBR role is considered as a key facilitator to the private sector.
