Finance Minister Senator Ishaq Dar chaired a meeting to review the ongoing budget process at the FBR headquarters here on Sunday. The Finance Minister was briefed by the FBR Chairman on broad outlines of the measures being considered for inclusion in the proposals, with a view to broadening the tax base and encouraging documentation of economy. Members FBR in their respective areas assisted the Chairman.
The Finance Minister said to the officials involved in the budget-making process to consult all stakeholders including chambers, professional bodies and industry representatives in finalising budget proposals. He said that the government has to focus on expanding the tax net and enabling the government to find fiscal space for allocation of funds in the development of energy and infrastructure.
He added that taxpayers should be facilitated by simplifying tax reporting. He emphasised that the overall economic vision must be roped in the budgetary proposals. Rana Assad Amin, Advisor to the Finance Ministry and senior officials of the Finance Ministry and FBR attended the meeting.-PR