Islamabad: Prime Minister (PM) Imran Khan on Thursday said that he was willing to create a new tax authority if the Federal Board of Revenue (FBR) is not fixed.
He was speaking at the 11th All-Pakistan Chambers President Conference in Islamabad. He said that the state would not be able to meet its expenses until the FBR is reformed.
The PM informed that he had been hosting regular meetings lately with Adviser for Commerce Abdul Razak Dawood and Finance Minister Asad Umar to deliberate on this issue.
He urged citizens to perform their tax-paying duty. In return, the government will protect the taxpayers’ money and spend it with great caution. He lamented that only 72,000 people, out of the country’s 200 million-strong citizens’ base, currently paid their taxes.
The PM proposed to reduce taxes so that more people would willingly enter the tax bracket. However, this policy can only be implemented if the people consider paying taxes a national duty.