The Karachi Chamber of Commerce & Industry's delegation comprising of its leadership and former Presidents Siraj Kassam Teli, Muhammad Zubair Motiwala, Anjum Nisar and former Senior Vice President-KCCI Muhammad Jawed Bilwani participated in the 2nd meeting of the Business Persons Council (BPC) on Thursday at Ministry of Finance.
Besides President FPCCI and the representatives of leading Chambers of Pakistan and prominent businessmen across the country also participated. The Meeting was chaired by Federal Minister for Finance, Revenue, Economic Affairs and Statistics. Agenda of the meeting included implementation of decision taken in the first meeting of BPC, presentation of energy scenario and policies of FBR.
Senator Shaukat Tarin, Federal Minister for Finance welcomed the members of the Business Persons' Council (BPC) and apprised that the purpose of BPC meeting is to take private sector on board regarding policy formulation and implementation. Private sector will identify and suggest policy interventions based on their in depth knowledge of domestic and international market.
The KCCI delegation provided meaningful input and suggestions on various issues and assured support on the 9-point agenda. The KCCI delegation appreciated Finance Minister for taking instant decisions on FBR issues. During the meeting it was decided to notify two committees (a) For Textiles (b) For FBR, having representation of private sector.
Decisions of First Meeting were recalled and Finance Minister was unhappy with FBR for delay and directed for immediate implementation of decisions taken in previous meeting.
Audit selection criteria announced by FBR was also discussed and Finance Minister disagreed with the FBR audit criteria and directed for 5 percent purely random audit. Pending decisions of post-budget meeting were also discussed including Customs Duty. He further stated that the Committee of FBR will take up the relevant issues and will resolve them.-PR