Finance Bill to have incentives for business community, says Asad Umar

ISLAMABAD: Finance Minister Asad Umar on Sunday said that a number of incentives will be announced for the business community in the Finance Bill to be presented in National Assembly on January 23 to improve national economy and enhance trade activities.

Talking to the business community at the Karachi Chamber of Commerce and Industry (KCCI), he said that economy is the core component of Pakistan’s foreign policy and the government is striving to create a conducive environment to attract foreign investment and encourage ease of doing business in order to uplift the economy.

He said that the government is committed to promote trade and investment in the best interest of the country.

The finance minister said that the uplift of the country’s economy will also increase employment opportunities in the country.

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The minister further said that the budget anomalies will be overcome in the Finance Bill.

He informed that reforms in the Federal Board of Revenue (FBR) are being undertaken and its powers have been devolved to lower level and FBR’s powers of issuing SRO have also been slashed.

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