KARACHI - Finance Minister Ishaq Dar has said that Karachi operation will continue without any compromise.

He expressed these views during a reception hosted by Karachi Chamber of Commerce and Industry at a local hotel here on Wednesday.

“Law and order in the province is the prime responsibility of the provincial government but prime minister is also keenly interested in achievement of Karachi operation objectives,” Dar said.

He said completion of Karachi Circular Railway project was vital to make Karachi a business hub. Dar said Japan International Cooperation Agency (JICA) would provide a loan of $ 2 billion dollars that would be paid in 40 years, he added.  Dar allayed business community’s concerns over tax payers’ directory and said its first part was about parliamentarians which would be published by mid February.  He said triple ‘Es’ (Energy, Economy and Extremism) were the top priority of the present government and the PML-N government would overcome these issues for a robust economy. Dar said 90 million people in the country were living below the poverty line. He said poverty was one of the reasons behind suicide bombings and the government would address this issue on priority basis.

“We are trying our best to set the fiscal deficit at four percent,” he further added.

The finance minister assured that next three years would show extraordinary growth in economy.

“At the start of our government we were facing 18-hour loadshedding but now we have overcome the issue and there is no loadshedding anywhere in the country,” he claimed.

Earlier, President Karachi Chamber of Industry Abdullah Farooki and other leaders of the trade community expressed deep concern over the Karachi operation and urged the government to continue the same for the development and betterment of the country.

KCCI also expressed deep concern over the directive of the ministry to Federal Board of Revenue for issue a tax directory of more than 850,000 existing taxpayers including members of the parliament and provincial assemblies, saying it was highly unfair as these taxpayers were already holding NTN numbers and had fully been documented by the FBR.

On the other hand, they maintained, the tax evaders were living luxurious lives, frequently flying abroad and maintaining big properties along with sizeable bank accounts and they were deliberately being ignored.

“We urge the government that instead of issuing a tax directory of existing taxpayers, it must make public the tax evaders’ name in the form of a directory by disclosing their names and photos to bring them into tax net.

Anujm Nisar, Muffasar A Malik and Muhammad Idrees attended the meeting and shared the concern and problems faced by the trade community in Pakistan.