Karachi: Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue (FBR) to strengthen engagement with Karachi’s business community by holding regular meetings and resolving tax-related issues on a priority basis.
Chairing a meeting to review FBR reforms, the prime minister instructed senior FBR officials to visit Karachi during the first week of every month to maintain direct contact with businesses and address their concerns without delay.
He said companies complying with tax laws should be encouraged and recognised, describing the business community as the backbone of Pakistan’s economy. He also directed the FBR to facilitate businesses to promote production, exports and investment.
The prime minister said the government was committed to improving the ease of doing business by making the tax system simpler and more transparent to strengthen the confidence of taxpayers.
During the meeting, officials briefed participants on ongoing FBR reforms, including the installation of production monitoring systems in key industries. They said the initiative had generated an additional PKR 42 billion in tax revenue from the sugar sector, PKR 38 billion from the cement industry and PKR 15 billion from the beverages sector over the past year.
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