Commerce Adviser updates PM on trade prospects with Uzbekistan
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Razak Dawood apprised the Prime Minister about his recent visit to the Central Asian state
ISLAMABAD (APP) - Adviser to prime minister on Commerce Abdul Razak Dawood called on Prime Minister Imran Khan here on Tuesday and briefed him about the trade potential existing between Pakistan and Uzbekistan.
The Commerce Adviser apprised the Prime Minister about his recent visit to the Central Asian state and gave a briefing about the prospects of bilateral trade. Tags:
Govt to set up Tax Policy Unit
Body will highlight revenue leakages, suggest measures to boost tax collection
Shaikh directed FBR to expedite process of income tax refunds of less than Rs50 million (each recipient) to uphold commit-ment of the government to facilitate taxpayers. PHOTO: NNI
The PTI government has approved the establishment of an independent Tax Policy Unit (TPU) with the objective of improving taxation governance, as it would point out revenue leakages in the system, recommend rationalising rate of taxes and suggest measures to mobilise higher revenue in tax collections.
The creation of TPU would partially withdraw the powers of policy making for taxation from the Federal Board of Revenue (FBR), but improve its function to collect revenue in taxes in the country.
FBR directed to expedite process of refunds
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The minister accorded approval for the establishment of ‘Tax Policy Unit’
ISLAMABAD (Dunya News) – Federal Minister for Finance and Revenue, Dr. Abdul Hafeez Shaikh Thursday directed the Federal Board of Revenue (FBR) to expedite the process of Income Tax refunds of less than Rs.50 million to uphold commitment of the government to facilitate tax payers.
The minister was Chairing the 5th meeting of the FBR Policy Board, according to press statement issued by the Finance Ministry.
Among others, the meeting was attended by Federal Minister for Privatization Mohammad Mian Soomro, Adviser to the PM on Commerce Abdul Razak Dawood, Adviser to the PM on Institutional Reforms & Austerity Dr. Ishrat Hussain, SAPM on Revenue Dr. Waqar Masood, Chairman FBR, senior members of FBR and representatives of private sector participated in the meeting.