Mohsin Siddiqui (Chief Reporter) 

Federal Minister for Finance & Revenue Muhammad Aurangzeb met with a delegation of Pakistan Retail Business Council (PRBC) led by Chairman PRBC Mr. Ziad Bashir at the Finance Division on [date]. Minister of State for Finance & Revenue Mr. Ali Pervez Malik also attended the meeting. The PRBC delegation expressed their appreciation for the government’s efforts to improve economic conditions in the country and extended their support for the FBR’s Tajir Dost Scheme.

The delegation highlighted the challenges faced by retail businesses, emphasizing the need for the inclusion of untaxed undocumented retail sector in the tax net. They also presented proposals to encourage documented business in the country. The Federal Minister acknowledged their concerns and mentioned that McKinsey & Company has been engaged to assist the FBR’s end-to-end digitalization, which will broaden the tax net. He also apprised the delegation that he has asked Minister of State Mr. Ali Pervez Malik to oversee this task on a day-to-day basis to ensure timely completion of this exercise.

Minister of State Mr. Ali Pervez Malik appreciated the proposals submitted by PRBC, and Finance Minister Muhammad Aurangzeb thanked the delegation, assuring them that the government will give due consideration to their proposals for the benefit of both the country and the business community.

The meeting demonstrated the government’s commitment to engaging with the business community and addressing their concerns. The PRBC delegation’s proposals and the government’s willingness to consider them indicate a positive step towards promoting economic growth and tax reforms in the country.