ISLAMABAD: The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has lauded the economic policies saying it were moving in right direction.
The tax net should be widened to encourage investments so as to provide job opportunities to 1.5 million youth entering market every year, said FPCCI President Abdul Rauf Alam on Sunday after a meeting with Prime Minister’s Special Assistant on Revenue Haroon Akhtar Khan. UBG Secretary General Zubair Tufail was also present. Alam said that the government tried to broaden the tax net which drew ire from various sectors, but it was essential to tackle the tax-to-GDP ratio.
Both Rauf and Zubair stressed that the investors should get benefit from the tax breaks announced in the budget to invest in the industrial sector. The business leaders said that apart from widening tax net and increasing exports, growth rate should be above seven percent while annual investment should surpass $20 billion to create jobs.
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