A meeting of the committee constituted by the Prime Minister to rationalise tax rates was held today under the chairmanship of Special Assistant to the Prime Minister, Mr. Haroon Akhtar Khan. The committee discussed the challenges posed by high tax rates and the lack of incentives for domestic industries. Speaking on the occasion, Mr. Haroon Akhtar Khan stated that the Prime Minister had constituted the committee with the mandate to identify the problems and suggest viable solutions. Haroon Akhtar Khan emphasized that to compete economically at the regional level, Pakistan must address these critical issues. He pointed out that the industrial sector is severely affected by high taxation, leading to the closure of businesses. “We must work towards reviving sick industries and expanding operational industries,” said Haroon Akhtar Khan. He further informed that the committee would present its recommendations and proposed solutions to the Prime Minister for inclusion in the upcoming budget. Mr. Haroon Akhtar Khan assigned the committee members the task of submitting concrete solutions and actionable recommendations at the next meeting.
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