Islamabad, March 04, 2014 (PPI-OT): A delegation of Gujranwala Chamber of Commerce accompanied by Federal Minister for Commerce Mr. Khurram Dastagir Khan met with the Federal Finance Minister Senator Mohammad Ishaq Dar at the Finance Ministry today.
Mr. Noman Salauddin, President, Gujranwala Chamber of Commerce, on behalf of the Chamber, congratulated the Finance Minister on attaining GSP Plus status for Pakistan that would go a long way in increasing the exports.
He said that small and medium industry of Gujranwala will also benefit from this status. The delegation also informed the Minister that during the last eight months power supply to industrial sector is much better and they are able to increase their productivity.
The delegation apprised the Minister of the difficulties and problems being faced by the business community. The President said that the business community wants to pay taxes and suggested improvements in return filing system and expeditious refund of general sales tax enabling the business community to perform at their maximum potential.
Moreover, Mr. Noman Salauddin also requested for the appointment of permanent Commissioner Appeals in Gujranwala. He also requested for relief to cottage, small and medium enterprises in the next budget.
Finance Minister said that it is with the help of business community that all major indicators of economy are pointing to the fact that economy has begun to show signs of revival and that it is moving on the right track. He added that challenges remain on the horizon and much work remains to be done.
The Finance Minister said that we all have to pay taxes and by paying taxes we can increase energy supply and public sector development programme. He said that taxes and documentation will go along and the government will employ necessary measures to facilitate exporters.
He also mentioned that it is very heartening to note that there is 17% increase in revenue collection. On government’s part, he said, that we have adopted austerity measures and implemented 30% current expenditure cut by all Federal Ministries. He added that we have also abolished discretionary fund of the Prime Minister and the Federal Ministries.
Finance Minister assured the Chamber that a permanent Commissioner Appeals will be posted in Gujranwala to facilitate the business community. He said that we are trying to remove impediments in the way of business community that will help increase our exports. We will work with the business community to achieve our export targets, he added. Likewise, he said that the government is working on a plan to improve power and gas supplies.
The Minister for Commerce expressed his appreciation for the business community in Gujranwala which is performing well in small and medium entrepreneurship. He said that we are grateful to the Finance Minister for looking into the genuine issues of the business community.
Secretary Finance Dr. Waqar Masood, Economic Advisor to Finance Ministry Rana Assad Amin, Additional Secretary Mr. Shahid Mahmood and Members of the Gujranwala Chamber and Commerce were also present in the meeting.
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