Tax steps in budget to enable Pakistan achieve higher economic growth

ISLAMABAD: Federal Finance Minister Senator Ishaq Dar on Friday said that the tax measures announced in the Budget for Fiscal Year (FY) 2017-18 will enhance the welfare and prosperity of the general public, and enable Pakistan to achieve higher, sustainable and inclusive economic growth. 
"The tax measures, which have been proposed in the budget for FY 2017-18, are based on extensive consultations with all relevant stakeholders," he said while chairing a meeting at the Ministry of Finance on matters related to the Federal Board of Revenue (FBR). 
Chairman FBR briefed the Finance Minister on the progress of tax collection during the current fiscal year, and the targets for FY 2017-18. 
The Finance Minister urged FBR to take all necessary measures to meet the tax collection target for the current fiscal year. He added that, "The government will welcome all constructive and positive suggestions regarding the budget from parliamentarians during the ongoing budget session in Parliament." 
The Finance Minister directed FBR to finalize a tax revenue collection strategy for the next year in a timely manner in order to effectively pursue the tax collection targets for FY 2017-18.
Special Assistant to Prime Minister on Revenue, Haroon Akhtar Khan, Finance Secretary, Secretary EAD, Chairman FBR, and senior officials of the Ministry of Finance and FBR attended the meeting. - NNI