Chairman Central Board of Revenue M. Abdullah Yousuf has vowed to create conducive environment for investors and simplify the procedure of revenue collection in the country.
Besides, he added, maximum possible facilities would be offered to the new investors. The conducive environment will be created for achieving high growth targets.
The success of businessman ultimately proves beneficial for the country in shape of increase in revenue and employment opportunities, he told PTV.
Expressing his resolve to totally revamp the tax collection machinery, he said, the private sector has a tremendous potential, if provided proper facilities.
The government would play the role of sleeping partner with every investor.
Every investment would be considered as joint venture and strive to move it forward jointly. The objectives of businessman and government were same, to achieve high growth, he added.
Terming universal self-assessment scheme as revolutionary, he said, the scheme has achieved positive results. All the tax returns have been treated as final, he said.
Limited investment in service sector, viz banking, IT, telecommunication could attract huge benefits in shape of increase in revenue and more employment opportunities, he added.
In the first nine months, Rs 351.7 billion has been collected which means 14.6 percent more revenue as compared to the previous year, he said. The total revenue target was Rs 510 billion which is achievable, he said.
Increase in the import of machinery and raw material has contributed in the growth of revenue.
Targets and estimates are fixed on the basis of overall environment of the country, he concluded.
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