PR No. 191 FBR asked to discuss proposals for budget 2016-17 with stakeholders Islamabad: April 22, 2016

Finance Minister, Senator Mohammad Ishaq has directed the FBR to discuss  proposals for budget 2016-17 with stakeholders before these are finalized.

The Minister chaired a high level meeting at FBR on Friday where has was given a briefing on Pakistan’s existing agreements on Avoidance of Double Taxation with different countries. The Minister said the agreements needed to be revisited for introducing possible changes/improvements in line with latest international trends.

The current profile of revenue generation and efforts regarding achievement of targets set for the year 2015-16 were also discussed. The Minister said the fact that there has been no downward revision in revenue target for the current fiscal year is highly commendable. While the Minister lauded growth achieved in the revenue collection in first nine months of the current fiscal year, he said that with continued hard work FBR would Inshallah achieve the assigned targets.

Special Assistant to Prime Minister on Revenue Division, Mr. Haroon Akhtar Khan, Chairman FBR, Nisar Mohammad Khan and senior officials of the Federal Board of Revenue were present in the meeting.