Lahore, Jan 28 (INP) Federal Finance Minister Asad Umar has said that a simplified procedure of tax returns for individuals and entrepreneurs will be introduced in the current year.
He was addressing a ceremony of Federation of Pakistan Chambers of Commerce and Industry in Lahore on Monday. He assured to fully facilitate the businesses and investors to bolster the country’s exports.
The Minister said that the government will also recognize the top taxpayers and a ceremony in this regard to be chaired by the prime minister will be held to encourage the people to come in the tax net.
He said that the industrial sector has an important role in the economy and steps are being taken to address their problems including those relating to energy.
Asad Umar said special economic zones will be established under China-Pakistan Economic Corridor project. He further said that the Economic Coordination Committee at its meeting on 5th of next month will deliberate upon early operationalization of these zones.