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Editor n Cheif : Syed Asif Salahuddin
Editor: Tariq Sumair
 
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  Local banks incapable of meeting CPEC requirements: PBIF
   
 
ISLAMABAD, Feb 17 (INP): President Pakistan Businessmen and Intellectuals Forum (PBIF), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister Mian Zahid Hussain on Friday said local banks are not capable enough to meet the requirements of CPEC. Government should ask banks to increase their strength and invite big foreign banks to step into Pakistan’s promising market, he said. Mian Zahid Hussain said that FBR has started implementation of establishing 41 buildings on the economic corridor to handle tax related issues. Now government should immediately increase budget and number of employees of the Apex tax agency so that it could handle tax matters properly. He said that the most important project is establishment of proper facilities on the Pak-China border in Gilgit-Baltistan (GB) where the related facilities are not up to the required level. The business leader said that government should ensure that all the project initiated by the FBR should be completed without any complication leading to delay. He noted that the current administration has started giving incentives to the staff of the FBR which will have a positive impact on the overall performance. The decision of the government to resolve the longstanding disputes between taxpayers and tax collectors is laudable which will reduce the burden on the tax agency, he said.
 
 
Today's INP Pakistan Stories
     
PM announces Rs one million for each victim of Parachinar twin blasts
News Image   PARACHINAR, Jun 29 (INP): Prime Minister Nawaz Sharif on Thursday announced compensation money for the victims of Parachinar twin blasts that claimed lives of more than 40 people. More
updated 12 minutes ago
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China accuses India of hidden agenda
News Image   BEIJING, June 29 (INP) China has virtually accused India of having a “hidden agenda” as it stated that Indian troops had stopped PLA soldiers from building a road in Donglang, a region at the centre of a long-standing dispute with Bhutan. More
updated 12 minutes ago
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