PM Imran Khan has directed the FBR for simplification of tax refunds payment system to promote and facilitate small and medium sized exporters and remove difficulty in receiving refunds.
He was reviewing the progress of his economic team on Monday. PM noted that government actions have boosted economic stability & business community confidence despite the hardships faced.
He said, “In order to strengthen the confidence of the business community as a result of economic stability, it is necessary to provide all possible facilities to exporters and especially small- and medium-sized traders so that they could be encouraged and do not suffer financially”.
Matters discussed and reviewed in the meeting included current economic situations, progress of pending cases related to Federal Board of Revenue, tax refunds to the exporters, Turkmenistan-Afghanistan-Pakistan-India (TAPI) gas pipeline project’s status and the non tax revenues.
The PM appreciated the rising trends of exports in terms of income and volume in the July – November period
Anwar Mansoor Attorney General of Pakistan briefed the meeting about pending cases of FBR in courts. He informed the meeting that 551 out of total 1,089 FBR cases have been decided in Supreme Court while 285 cases are still pending.
The prime minister instructed the attorney general to accelerate efforts for the resolution of remaining pending cases. He assured that all required resources would be provided to the Attorney General’s Office to effectively express the government’s standpoint in FBR – related cases. He added that speedy resolution of disputed cases and matters will be helpful in solving business community problems.
Nadeem Babar Special Assistant to the Prime Minister for Petroleum also gave briefing to the participants of meeting about the progress of the TAPI gas pipeline
Secretary treasury gave briefing about the increase in non-tax revenue. The prime minister highly appreciated efforts made for making the increase achievable.
The secretary said that on October 21 & November 1 first quarterly review of development projects was undertaken; purpose being the implementation & monitoring of progress. Midyear review has been planned in January 2020 and annual review will be in August 2020. He said, “At the same time, there is a monthly review of development projects under the direction of the prime minister, in which ground and financial progress are also being regularly reviewed”. For monitoring the progress an online system digitizing the entire system is also about to be launched. He added, “In addition, satellite monitoring is being done to monitor the speed of these projects in remote areas”.
Mr. Shaukat Tareen Former finance minister also briefed the meeting about the progress of the “Food Bank” launch in Lahore. The PM also appreciated the initiative for providing food at doorstep to the deserving people. He assured provision of possible facilities for success of the project.
The PM reassured government intentions and efforts for promotion of economic stability & job creation and promotion for skilled workers and youth. He asked for suggestions and out-of-box thinking for this purpose. He further stressed further improvement in coordination among the ministries and departments.