Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb Friday reiterated the government’s resolve to restructure and transform the country’s tax machinery for ensuring an efficient tax system and equitable taxation by introducing people-processed technology and ensuring end-to-end digitalization to end human intervention, bring transparency and reduce corruption.
The Minister said the government remains committed to raising the country’s tax-to-GDP ratio by broadening the tax base and rationalizing a disproportionate burden on the organized sectors of the economy such as manufacturing and the salaried classes, said a press release issued here.
He expressed these views during a meeting with Mr. Karim Yahi, Global CEO of Coca-Cola Içecek (CCI), who along with Mr. Ahmet Kursad Ertin, Regional Director (South Asia & Middle East); Mr. Sunay Sanli, General Manager CCI Pakistan; and Syed Omar, Director Corporate Affairs & Sustainability CCI Pakistan, called on the Finance Minister today. Senior officers from the Finance Division and FBR were also present.
The visiting delegation provided the Minister an overview of CCI’s extensive operations in Pakistan, which include seven state-of-the-art production facilities and substantial contributions to the national economy through investments and the creation of thousands of direct and indirect jobs.
They also emphasized their commitment to sustainability and shared their vision for continued expansion of their business in Pakistan.
The Finance Minister appreciated CCI’s role as a key investor and economic contributor in Pakistan. He commended the company’s efforts to promote sustainable business practices, boost industrial growth, and create employment opportunities across the country.—APP
