islamabad
Finance Minister Ishaq Dar on Wednesday called upon members of the Committee, established last fiscal year on regularisation of concessionary regime by the FBR, to take up work on withdrawal and regularization of SROs with due diligence and care, keeping in view the government’s objective to eliminate culture of extending favours to the privileged few.
He gave these directions while chairing a high level meeting to review performance of the Committee. He gave instructions to members of the committee to finalize their proposals on second phase of withdrawal of concessions by Thursday. The Committee also had detailed discussion on proposed measures regarding second phase of plan for regularization of concessions and exemptions (SROs) during the fiscal year 2015-16. The minister was informed that in the first phase of the plan initiated in fiscal year 2013-14 concessions worth Rs. 105 billion were withdrawn.
Regularization in the second phase would also similarly benefit the national exchequer. The minister appreciated the output of the committee during the first phase. He said for the second phase too, the same committee would continue to function as it had produced positive results. Chairman FBR, Tariq Bajwa, Advisor Finance Division, Rana Assad Amin and other senior officials of the Ministry of Finance and FBR attended the meeting.