Govt likely to consider new tax amnesty scheme for industrial sector

MG News | March 06, 2019 at 11:34 AM GMT+05:00

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March 6, 2019: The government is likely to consider new tax amnesty scheme for industrial sector where undocumented money could be declared and could only be used in the industrial development and growth in the exports.

Federation of Pakistan Chambers of Commerce and Industry (FPCCI) President Daru Khan Achakzai, referring to the meeting with Prime Minister Imran Khan, said proposals had been invited from the business community to make the amnesty scheme productive.

“Government wants rapid industrialisation and export-led growth, and for this purpose undocumented money present in the country needs to be mobilised into the industrial sector. A scheme is now being planned, which is not aimed at revenue collection and government does not even want this money to go into the real estate sector either,” Achakzai said

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