A-PM-FR Shaikh assures businesses of support

By Staff Reporter
Friday – June 5, 2020
ISLAMABAD: The adviser to the prime minister on finance and revenue (A-PM-FR) Abdul Hafeez Shaikh, Thursday, said that the government is aiming to improve the business environment in the country by providing ease of doing business and facilitating businesses by providing them with a level playing field.

According to an official statement, he made these comments while holding separate zoom meetings with the office bearers and members of various organisations and business groups, including the Pakistan cotton ginners’ association (PCGA), all Pakistan textile mills association (APTMA) and representatives of independent power producers (IPPs) as well as the country’s beverage industry.

A-PM-FR Shaikh said the government was aware of the difficulties faced by various businesses and different sectors of the economy due to the impact of COVID-19 (coronavirus) on national economy and all possible measures, including the announcement of Rs 1,200 billion stimulus package, were being adopted to provide the businesses a road to recovery and a healthy work environment with full support from the government in the form of low taxes and more incentives for growth.

During the meetings, various problems and difficulties faced by the relevant sectors were highlighted by their representatives and different proposals and recommendations, including possible reduction or removal of taxes and duties and payment of outstanding tax refunds to provide sufficient liquidity to the businesses, were discussed.

A-PM-FR Shaikh assured the participants of the meetings his full support in resolution of their realistic problems and asked the federal board of revenue (FBR) leadership to engage with the bodies and organisations to expedite payment of tax refunds and resolve other issues as highlighted by the participants of the meetings.

The adviser to prime minister on commerce and investment Abdul Razak Dawood, FBR chairperson Nausheen Javaid Amjad and senior officials of the finance division and the FBR were also present.