PBIF ask govt to focus on remittances, tax reforms

Islamabad

Pakistan Businessmen and Intellectuals Forum (PBIF) on Monday said exports continue to fall despite massive investment, therefore, government should focus on remittances and reforms in the tax administration to save future of the country.

Increased remittances and better taxation mechanism can make Pakistan a respectable country which can live without grants and loans to run its affairs, it said.

Ministry of Overseas Pakistanis should be empowered while the expanding undocumented economy should be attacked from all sides, said Mian Zahid Hussain, President PBIF, AKIA and First Vice Chairman of the Businessmen Panel of FPCCI.

He said that reforms should be initiated by taxing agricultural income while the recommendations of Tax Reforms Commission should be followed in letter and spirit.