Government decides to suspend audit of the taxpayers

Lahore : The United Business Group (UBG) of FPCCI on Sunday lauded the decision of the Government to suspend audit of the taxpayers for thirty days terming it a good move of the business friendly administration.

The announcement by the Chairman FBR Dr Muhammad Irshad to initiate dialogue on the issue of audit and focus on broadening the tax base instead of levying of higher taxes on existing taxpayers is laudable, said Naseem-ur-Rehman, Zonal Chairman UBG.

In a statement issued here today, he said that move of the Chairman FBR was outcome of the efforts of leaders of the UBG which will infuse confidence in the business community.

Naseem-ur-Rehman said that payment of pending refund claims should be the top priority of FBR to boost exports as so far around Rs 65 billion has been paid to exporters during this fiscal year.

The Rs 180 billion relief package will have a positive impact on the external sector while business community is in process of submitting budget proposals which will also play a positive role in revival of economy.

He said that business community has pinned high hopes on the PML-N led government which is to introduce reforms and eliminate energy crisis within two years.

Economy is growing, export of services have surged ten percent and its contribution in GDP is mounting which should be noticed.

He said that country is expected to achieve over five percent GDP growth by end of this fiscal year as government is supporting exporters in every possible way, he observed.

The UBG leader asked the government to announce incentives for other sectors and consider a package for the revival of sick units to create jobs and revenue.