Karachi: The federal government plans to introduce an amnesty scheme for the industrial sector in a bid to bring undocumented transactions into the tax net, a new source reported.
Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Daru Khan Achakzai expressed his views on the matter. He was addressing a press briefing in Karachi on Tuesday.
To facilitate this measure, Prime Minister (PM) Imran Khan recently invited proposals from the business community. This particular scheme, he stated, is not aimed at revenue collection.
The FPCCI chief, referring to his meeting with the PM, said that the government wanted rapid industrialisation and export-oriented growth. For this purpose, undocumented transactions need to be mobilised into the industrial sector.
FPCCI Senior Vice President Mirza Ikhtiyar Baig sought recommendations from affiliated trade bodies. He said that a comprehensive proposal would be then submitted to the federal government.
