Govt to work out tax reforms in November, says Dawood

LAHORE: Prime Minister’s Adviser for Commerce Abdul Razak Dawood has said that the government will begin its work on tax reforms in this November, ARY News reported on Saturday.

The trade bodies and business groups have repeatedly demanded of the new PTI government to introduce business-friendly tax reforms.

Addressing the business community at Lahore Chamber of Commerce and Industry, federal adviser said that ” We have to promote the export culture instead of the existing import trend.”

Dawood further said that every year four million young men join the job market of Pakistan.

Commerce Adviser said that an improving trend being witnessed in Pakistan’s exports adding that the country’s exports are expected to reach to 25bln US dollars by June 2019.

Abdul Razak Dawood told the businessmen that a delegation of Chinese official visited Pakistan in the past week and the two sides held mutually beneficial talks to slash Pakistan’s trade deficit with China.

Talking on corrupt practices in state-owned institutions, the adviser said that even the amount of the Workers Welfare Fund and General Provident Fund has been gulped down in Pakistan Steel Mills.