LAHORE - Federal Board of Revenue (FBR) Member Inland Revenue Shahid Hussein Asad has said that the coming budget would be a people friendly budget and instead of putting extra burden on taxpayers new taxpayers would be brought into tax net.

These views were expressed by him while speaking at a pre-budget seminar arranged by the Lahore Tax Bar Association (LTBA).

He said that National Tax Number (NTN) must be issued within 72 hours but issuing of sales tax requires verifications so it get more time than issuance of NTN.

He said that most of the budget proposals presented by the Bar had been approved while as far as bringing down the sales tax ratio is considered, he was serious to bring it down to single digit in next few years.