PRBC urges inclusion of untaxed retail sector in tax net

May 22, 2024 (MLN): Pakistan Retail Business Council (PRBC) underscored the need to integrate the untaxed undocumented retail sector into the tax net and addressed various challenges faced by retail businesses during a meeting with Finance Minister Muhammad Aurangzeb on Tuesday.

Led by Chairman PRBC Mr. Ziad Bashir, the council also presented proposals aimed at promoting documented businesses in the country.

The PRBC delegation expressed their appreciation for the steps being taken by the Government to improve economic conditions in the country.

They also extended their support for FBR's Tajir Dost Scheme.

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 Ali Pervez Malik to oversee this task on a day-to-day basis to ensure timely completion of this exercise. 

The Minister of State appreciated the proposals submitted by PRBC.

Finance Minister Muhammad Aurangzeb thanked the PRBC delegation and assured them that the Government will give due consideration to the proposals submitted by them for the benefit of both the country and the business community. 

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