Islamabad—The Finance Minister Ishaq Dar, Friday, Federal Board of Revenue (FBR) to discuss proposals for budget 2016-17 with stakeholders before finalization. Chairing a high level a meeting here, Finance Minister observed that with continued hard work by Federal Board of Revenue (FBR) would achieve the assigned targets.
Meeting was given a briefing on Pakistan’s existing agreements on Avoidance of Double Taxation with different countries. The Minister said the agreements needed to be revisited for introducing possible changes/improvements in line with latest international trends. The current profile of revenue generation and efforts regarding achievement of targets set for the year 2015-16 were also discussed.
The Minister said the fact that there has been no downward revision in revenue target for the current fiscal year is highly commendable. Special Assistant to Prime Minister on Revenue Division, Haroon Akhtar Khan, Chairman FBR, Nisar Mohammad Khan and senior officials of the Federal Board of Revenue were present in the meeting. Later presiding over another meeting to review overall working and performance of the Privatization Commission, Finance Minister said that directed Chairman Privatization Commission, Finance Secretary and Secretary Privatization Commission to pursue pending issues with M/S Etisalat and hold a meeting with them for early settlement.
Chairman Privatization Commission, Mohammad Zubair gave a short overview of the performance of the Commission during the first nine months of the current fiscal year. The chairman also briefed the meeting about the projects that were in the pipeline including the Pakistan Steel Mills (PSM). The Finance Minister directed that response of the Sindh Government to Federal Government’s offer for acquiring the PSM may be ascertained on priority so that an appropriate decision in the matter is taken without further delay. Senior officials of the Ministry of Finance and Privatization Commission attended the meeting.