Taxation

KP seeks FBR’s assistance in tuning tax system for raising revenue

KP Minister for Finance, Taimur Saleem Jhagra, has said that Khyber Pakhtunkhwa would utilize the experiences and reforms of the Federal Board of Revenue (FBR) for increase in revenue, further tuning of the tax system and guaranteeing socio-economic uplift in the province.

He expressed these views during a meeting with the Chairman, FBR Shabar Zaidi along with the authorities of KP Revenue Authority (KPRA) in Islamabad. Senior authorities of the FBR and KPRA were also present on the occasion.

During the meeting they discussed in detail steps taken for increase in revenue at federal and provincial level, further activation of the tax system by the both tiers of governments.

The KP Finance Minister said that the present federal government has selected professional and experts personalities for running the affairs of the State Bank of Pakistan (SBP), the FBR and Finance Ministry. Under the leadership of these personalities, the institutions are not only progressing towards economic uplift and stability and right direction.

The steps and reforms initiated by these professional heads have also removed years old faults and weaknesses on permanent basis. One of such experts also include the economic expert like Shabar Zaidi, who is taking highly professional steps for the achievement of the tax targets and facing of challenges faced in these regards.The KP finance minister said that in Pakistan decisions were always taken on paper level while practically they were never implemented and such decisions were usually becoming the victims of red-taps. He said that now these traditions have become inevitable and now provinces and FBR beside taking practical steps for simplifying and bringing transparency in tax depositing system and promotion of cordial relations with business community.

Taimur Saleem Jhagra further stressed need for taking several steps for enhancement of consensus and harmony between centre and provinces. He said that for guaranteeing rights to the provinces and their inclusion in policy making, the distribution of resources on judicious basis and resolution of years long outstanding matters among the centre and provinces are also necessary to enable federation as well as provinces to work for the welfare and socio-economic uplift of the people on equal basis. On this occasion, the Chairman, FBR Shabar Zaidi while agreeing with the recommendations of the provincial minister assured him full cooperation for the economic stability and uplift and expressed the hope that the KP government will continue reforms process for making tax system effective and achievement of the targets of economic growth.

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