PR No. 213
Islamabad: May 22, 2024

A delegation of representatives from Aerated Beverage Industry led by President of Lotte Akhtar Beverages Mr. Ghazi Akhtar, called on Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb at Finance Division today. Turkish Ambassador to Pakistan H.E Dr. Mehmet Pacaci also joined the meeting. The delegation expressed their appreciation for the government's economic initiatives and conveyed that they are encouraged by supportive policies of Government. They presented several tax proposals for the upcoming fiscal year, suggesting adjustments to the Federal Excise Duty (FED) that could support their industry growth and contribute to the government's tax collection efforts. Finance Minister Muhammad Aurangzeb highlighted the government's commitment to support the private sector. He emphasized the Prime Minister's vision for the private sector led economic growth as reflected in the ongoing privatization efforts. He assured the delegation that the government will proceed with strategic intent and within the available fiscal space. The delegation thanked the Finance Minister and expressed optimism for continued collaboration and support.