Govt aiming to facilitate businesses, boost growth: Dr Hafeez Shaikh

Govt aiming to facilitate businesses, boost growth: Dr Hafeez Shaikh

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Islamabad: Dr Abdul Hafeez Shaikh, Prime Minister’s Advisor for Finance and Revenue, said the government’s goal is to improve the country’s business environment by providing a level playing field and ensuring business convenience.

While the consultant held a meeting with Zoom, he also met with the head of the office and members of various organizations and business groups, including the Pakistan Cotton Growers Association, all Pakistan Textile Mills Association (APTMA) and Independent Power Producers (IPP). Representative and national beverage industry.

He said that the government is aware that due to the impact of COVID-19 on the national economy, various industries and different sectors of the economy are facing difficulties, and has taken all possible measures, including the announcement of a stimulus plan of 12 trillion rupees to provide With the full support of the government, companies have achieved a recovery path and a healthy working environment with low tax rates and more growth momentum.

Abdul Razak Dawood, the advisor to the Prime Minister of Business and Investment, Ms. Nausheen Javaid Amjad, Chairman of the Federal Revenue Service (FBR), and senior officials from the Finance Department and FBR also attended the meeting.

During the meeting, representatives of relevant departments emphasized various problems and difficulties faced by relevant departments, and discussed different suggestions and suggestions, including possible tax reduction and exemption and payment of outstanding tax refunds, to provide sufficient liquidity for enterprises.

Dr. Abdul Hafeez Shaikh assured the meeting participants that they would fully support them in solving real-world problems, and required the Federal Reserve Bank’s leadership to cooperate with institutions and organizations to expedite tax refunds. Pay and resolve other issues highlighted by meeting participants.

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