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Thursday July 25, 2024

Aurangzeb assures PBC budget proposals to be considered

By APP
June 25, 2024
Finance Minister Muhammad Aurangzeb addresses post-budget press conference in Islamabad on June 13, 2024. — Screengrab/GeoNews
Finance Minister Muhammad Aurangzeb addresses post-budget press conference in Islamabad on June 13, 2024. — Screengrab/GeoNews

ISLAMABAD: Federal Minister for Finance and Revenue Muhammad Aurangzeb assured the Pakistan Business Council (PBC) on Monday that its recommendations would be considered in the finalization of the budget for FY 2024-25 to whatever extent possible.

According to the press release issued by the finance ministry, a delegation of the Pakistan Business Council (PBC) led by Chairperson of the PBC Shabbir Diwan called on the minister. Minister of State for Finance and Revenue Ali Pervez Malik and Chairperson of the Federal Board of Revenue (FBR) Malik Amjed Zubair Tiwana also attended the meeting.

The PCB delegation appreciated the ongoing efforts of government and discussed the FY25 budget with the finance minister. They also presented specific suggestions and tax proposals for consideration. The minister acknowledged and thanked the PBC for their insights.

He also highlighted the FBR’s ongoing efforts aimed at broadening the tax base and bringing retailers in the tax net. Aurangzeb assured that decisions would be made through mutual consultation to ensure favourable outcomes for both people and the business community.