Ministers appreciate PARC for developing Ispaghol processing unit

HASILPUR (APP): Federal Minister for National Food Security and Research Sikandar Hayat Bosan and Federal Minister for Inter-Provincial Coordination Riaz Hussain Pirzada have hailed scientists of PARC for developing Ispaghol processing machine, saying it would help improve earnings of the poor people of Thar and Cholistan deserts. The ministers expressed these views while addressing a ceremony at Hasilpur Grain Market, held for inaugurating Ispaghol processing plant. Both the ministers also witnessed the working of the three-stage plant and appreciated its working after PARC scientists informed them that it has the capacity to process 400-kilogram of Ispaghol per hour. Bosan said that Ispaghol, a medicinal plant, is grown on 3,000 acre area in Cholistan and Thar deserts. However, farmers were not getting proper price of their production. He said that availability of local processing facility would enhance importance of local Ispaghol production that would benefit both farmers and traders, who would be able to market Ispaghol for good profit.

He said that there would be a time soon when Pakistan would be exporting Ispaghol. Sikandar Bosan said that PML-N government fulfilled all its promises it had made with the people, adding that loadshedding had been ended and was being observed only in those areas where power pilferage was high.

 FBR FATE Wing team meets NBP’s top leadership

ISLAMABAD (Staff Reporter): A team of Facilitation and Taxpayer Education (FATE) Wing of FBR met the top leadership of National Bank of Pakistan (NBP) in Karachi as part of FBR's taxpayers' outreach programme started last year to create awareness and understanding of the advantages of filing of tax returns and extending FBR's help and facilitation to employees of large organisations at their doorsteps for e-filing.  The meeting was held between the FBR team, led by Member FATE Ms Nausheen Javaid Amjad, and National Bank of Pakistan (NBP) President Saeed Ahmed, who was also assisted by Abdul Wahid Sethi (SEVP/CFO) and Zahid Mahmood Chaudhry (SEVP & Group Chief, Human Resources Management Group). The meeting was in continuation of the proactive steps taken by the FBR in recent months to apprise the large public and private sector organizations of the advantages of e-filing by their employees.

The Member FBR told the NBP management that as per data available with the FBR, a considerable number of the employees of major banks were not filing Income Tax returns and sought help from NBP President and his team to motivate their employees to fulfill their national obligation by filing their tax returns.

NBP President Saeed Ahmed assured his full cooperation for this national cause, and directed the bank management to instruct the employees to file their Income tax returns at the earliest. He also welcomed Member FATE FBR Ms Nausheen Amjad's offer for deputing FBR teams at the NBP branches in major cities to impart one-day training and assist the bank officials in filing of their due returns.

OICCI survey reflects positive sentiments

LAHORE (Staff Reporter): The Managing Committee of the Overseas Investors Chamber of Commerce and Industry (OICCI) met Prime Minister Shahid Khaqan Abbasi and presented to him the results of the Perception and Investment Survey 2017 conducted in November 2017 among the leading 190 foreign investors who are members of OICCI.  President of the OICCI, Khalid Mansoor informed the Prime Minister that the overall results of the OICCI Perception and Investment Survey reflect improved and positive sentiments of the members of the OICCI, who are the leading foreign investors operating in the country. OICCI President added: “75% of the survey respondents have stated that they foresee continuing growth in their business and that they plan to make further investments in Pakistan.” OICCI members, while appreciating the operating environment, have also highlighted key concerns impeding fast growth of FDI in the country.

  which include negative perception of the country against the positive reality, poor rating in the World Banks Ease of Doing Business , issues with policy implementation especially on taxation, long delays in settling tax refunds and growing number of interprovincial coordination issues which are manageable with good governance and frequent interaction among the key stakeholders.

 Resolving business community’s issues top priority of govt: Miftah

ISLAMABAD (INP): Adviser to Prime Minister on Finance, Miftah Ismail has said that resolution of the problems being faced by the business community is the top priority of the government and no stone would be left unturned in this regard. He stated this while talking to a delegation of Pakistan Leather Garments Manufacturers & Exporters Association (PLGMEA), led by Fawad Ijaz Khan, Patron-in-Chief, which called on him here on Wednesday. The delegation discussed with the Adviser matters regarding DLTL, Sales Tax refund and customs rebate in respect of PLGMEA. The delegation requested for early disposal of refund/rebate related cases. Miftah Ismail assured the delegation of his full support and said the matter of refunds was under active consideration of the government and its early resolution was a priority of the Prime Minister.  The Advisor to PM on Finance said the business community had an important role to play in strengthening of economy and the government would facilitate them in every possible way.

Taxpayers’ facilitation was indeed among priorities of the present government, he said. Senior officials of the Finance Division and FBR were also present on the occasion.