RAWALPINDI : President Rawalpindi Chamber of Commerce and Industry (RCCI) Manzar Khurshid Sheikh has said that current energy mix must be addressed in the upcoming budget and need to reverse it on emergency basis. “1.9m people are paying tax in the country out of 180m population, solid step must be taken to enhance the tax base”, he said. He added that new govt must devise a comprehensive plan for broadening of tax base and no new taxes will be imposed in Budget 2013. He stated this while speaking at a pre budget seminar held at RCCI on Monday.

Group Leader Najamul Haq Malik, Senior Vice President Pervaiz Ahmed Warriach, Vice President Nadeem Rauf, former presidents and member executive committee were also present on the occasion.

Manzar Khurshid Sheikh said that Pakistan is dependent on thermal source of electricity which is costly and not viable for the industry and masses in general. He demanded of the government to allocate maximum funds for mega hydro projects for energy generation in next budget. He suggested that number of tax payees must be increased to 4 million and government must reduce its non-developmental expenditures and spend more on masses’ uplift.

President RCCI said that manufacturing sector paying 62 percent of taxes while having the share of 25 percent in GDP and if the situation persists, it will damage the industry. He stressed that it is the first budget of the government and it is likely that more funds may be allocated for Public Sector Development Projects (PSDP) to achieve political aims; he further said that this situation will affect the national exchequer. He said that government should chalk out a comprehensive plan to nab the corrupt elements.