ISLAMABAD: The United Business Group (UBG) of the Federation Of Pakistan Chambers Of Commerce and Industry (FPCCI) on Sunday lauded the moves of the government for infusing confidence in the business community through various positive initiatives. UBG Zonal Chairman Naseemur Rehman in a statement said that the package for exporters worth Rs180 billion and other moves would result in revenue shortfall to the tune of billions which should be bridged by paying taxes honestly. Rehman said that various relaxations has resulted in reduced cost of doing business that has added to the income of business community but no hike in tax collection is recorded which is discouraging. He said that business community should pay taxes properly otherwise the government can reconsider giving incentives to the businessmen. He said apart from the export package of Rs 180 billion, the government kept oil prices unchanged for months resulting in an impact of Rs 150 billion. He added, “Zero rating for five export sector has been estimated to be around 130 billion rupees.” He said, “Fertiliser is the third largest taxpaying sector on which sales tax has been slashed from 17 percent to 5 percent which is translating into a loss of billions to the revenue collectors.” Moreover, he said, Rs13 billion have been paid as subsidy to fertiliser manufactures in the first eight months of the current fiscal year as part of efforts to bring the price of the key input down. It is high time that business community start paying taxes so that FBR can achieve its annual target and the process of nation building can be accelerated, he added.