TMCnet News

Dar chairs a high powered committee meeting at Federal Board of Revenue to review concessionary regime - Press Note issued by Press Information Department
[April 23, 2014]

Dar chairs a high powered committee meeting at Federal Board of Revenue to review concessionary regime - Press Note issued by Press Information Department


(Pakistan Official News Via Acquire Media NewsEdge) April 22, 2014 (PPI-OT) Following is the text of press note issued by Press Information Department (PID) Quote Finance Minister, Senator Ishaq Dar chaired a meeting of the High Powered Committee constituted by the Federal Government to review concessionary regime was held today at FBR. Ministers for Planning, Development and Reform, Commerce, Textile Industry and Chairman Board of Investment also participated in the meeting along with the respective Federal Secretaries / Additional Secretaries.



The Committee had threadbare discussions regarding the said existing concessionary regime with the view to identify concessions / exemptions which could be rationalized, simplified, minimized and deleted in the budget 2014-15.

While appreciating the spade work done by the technical sub-committee in consultation with the representatives of the various Chambers of Commerce and Industry, the Finance Minister directed the administrative Secretaries of different Ministries / Divisions to re-evaluate the recommendations so that new investments in textile, energy and ship making sectors are encouraged and level playing field is created for all the stakeholders in the economy beside harvesting the fruits of GSP plus status accorded to Pakistan.


The Minister also directed that while re-evaluating the recommendations of the technical sub-committee, concessions affecting common man should not be withdrawn and cascading principles of tariff rationalization be observed in letter and spirit.

For more information, contact:Haji Ahmed MalikPrincipal Information OfficerPress Information Department (PID)Tel: +9251 925 2323 and +9251 925 2324Fax: +9251 925 2325 and +9251 925 2326Email: [email protected] Unquote

[ Back To TMCnet.com's Homepage ]