Chairing a meeting on FBR affairs, the prime minister said the government was committed to providing every possible facility to the business community to increase production and boost exports.
He instructed senior FBR officials to visit Karachi during the first week of every month to maintain direct engagement with businesses and ensure the timely resolution of their issues.
Expressing confidence in the country s economic outlook, Shehbaz said Pakistan s economy was moving towards stability and that the current year would witness economic growth and expanded business activity.
He also announced that companies complying with tax laws would be formally recognised and encouraged in appreciation of their contribution to the national economy.
The prime minister said the government s priorities included improving the ease of doing business, encouraging investment and exports, and making the tax system more transparent and simpler to strengthen business confidence.
The meeting reviewed the FBR s performance and the implementation of ongoing tax reforms.
Officials informed the meeting that production monitoring systems had been installed in the sugar, cement, tobacco, tiles and fertiliser industries, while installation in the textile and beverages sectors was currently underway.
According to the briefing, production monitoring in the sugar industry generated an additional Rs42 billion in tax revenue over the past year.
The cement sector contributed an additional Rs38 billion in taxes through the monitoring system, while the beverages industry generated an extra Rs15 billion during the same period.
The meeting was attended by Law Minister Azam Nazeer Tarar, Economic Affairs Minister Ahad Khan Cheema, Finance Minister Muhammad Aurangzeb, Information Minister Attaullah Tarar, Information Technology Minister Shaza Fatima Khawaja, Minister of State for Finance and Railways Bilal Azhar Kayani, Special Assistant to the Prime Minister Haroon Akhtar, State Bank Governor Jameel Ahmad and other senior government officials.
