ISLAMABAD: Federal Board of Revenue (FBR) Chairman Dr Ashfaq Ahmed has said that the presidential ordinance will help increase tax revenue as the FBR will send notices to those who conceal taxable income.
During his briefing to the National Assembly’s Standing Committee on Finance, the committee members belonging to the opposition parties protested against the remarks of the chairman FBR, to which he said, “Our good deeds and increase in revenue should be commended.”
Opposition committee member Naveed Qamar said, “We have asked a question and it is necessary to get an answer.”
Pakistan Muslim League-Nawaz MNA Ali Pervaiz said that the chairman FBR is joking on the question of the former finance minister, it should not happen, and the question must be answered.
Ayesha Ghous Pasha said that not everything is going well at the moment.
Responding to this, the chairman FBR said that his job is not to formulate policy but to implement the policy.
Ayesha Ghous Pasha further said that customs duty was increased by 47 percent due to increase in imports. She said the increase in tax revenue from the increase in imports is not good, but worrying.
Responding to this, Dr Ashfaq said that the tax rate on diesel is low which will reduce the tax revenue, and the tax revenue from petroleum products will be reduced by Rs150 billion. He said that mobile phone SIM cards will be blocked of those hiding their income. – TLTP