karachi - All chambers of commerce and industry and trade associations across the country have unanimously urged the government to reduce direct and indirect tax rates in the forthcoming budget, besides implementing drastic changes in tax policy of the country in order to bring new taxpayers into the net and narrow the budget deficit.

According to the statement, Joint Budget Proposals for Federal Budget 2014-15 asked Federal Board of Revenue (FBR) to bring in new taxpayers, which will consequently broaden the tax to GDP ratio. KCCI, under the supervision of its president Abdullah Zaki, compiled budget proposals of all chambers of commerce on independent and equitable basis, which were thoroughly examined and finalized by presidents of all chambers at 2nd All Pakistan Chambers’ Presidents Pre-Budget seminar organized by Faisalabad Chamber in the month of April 2014.

 All chambers’ budget proposals have been sent to the policymakers so that a pro-business budget is unveiled this year as per aspirations of the entire business community of Pakistan.