Haroon Khan has initiated meaningful reforms in FBR: Rauf Alam

Lahore: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) on Sunday termed the decision of the Prime Minister Nawaz Sharif to appoint Haroon Akhtar Khan as his special assistant ‎on revenue a good step in the right direction.

The appointment of Haroon Akhtar Khan has proved to be a right decision as he has initiated meaningful in the Federal Board of Revenue (FBR), said Abdul Rauf Alam, President FPCCI.

Speaking to the business community here today, he said that Mr. Khan has not only improved working of the Apex tax body but also taking business community on board in the major decisions which has infused confidence among investors.

Rauf Alam said that the taxation system in Pakistan needed mega reforms while Khan has started the journey in the right direction. He said that Mr. Khan as formed high-powered committee comprising member FBR and FPCCI nominees to hammer out problems of shipbreakers and steel rerolling mills while notices issued to them have been withdrawn.

The committee has been asked to furnish their findings within one week so that a proper decision could be taken. He hoped that release of refunds and improved working will settle concerns of exporters and reduce cost of doing business which will help make our products competitive in the international market.

The FPCCI President lauded the pace of phasing out concessionary SROs which will help government save billions in revenue while removing distortions in the overall system. He added that promotion of tax culture and elimination of concessions and exemptions aimed at strengthening the national economy were very positive signs.

Prime Minister Nawaz Sharif had undertaken a series of reforms to achieve macro-economic stability and now he wishes to consolidate the gains it has made for which business community will fully cooperate.