LAHORE - The Federation of Pakistan Chambers of Commerce and Industry President Mian Adrees has said that FPCCI has always highlighted business community’s issues at all forums. It has a very clear stance on construction of large water reservoirs, high markup rate, high banking spread, highest ever government borrowing from domestic and international channel, tax-to-GDP ratio, under invoicing, good governance, law and order and shortage of energy. It has been raising voice on these issues and would continue to do so with full vigour in future as well.

The Federation of Pakistan Chambers of Commerce and Industry on Wednesday held its first budget session, seeking proposals from its members for the federal and provincial budgets for 2015-16 at its Punjab regional office in Lahore with FPCCI newly-elected president Mian Muhammad Adrees in the chair.

Mian Muhammad Adrees said that the proposals should be regarding sales tax or VAT, income tax, federal excise duty, customs duty, rationalization of taxes and duties and the withholding tax regime.

He said that for a greater interaction with the trade and industry associations and to prepare workable proposals for the upcoming budget for the year 2015-16, FPCCI has started working on sound footings which will be workable for the government. The FPCCI budget committees were tasked to come up with solid proposals that would be forwarded to the government in due course. He said that an effort had been made to bring all the sectors of the economy on one platform. He said that the objective to convene budget session was to give a clear message to the business community that the FPCCI would continue to raise voice to the just cause of the business doing people at every forum and at all the times to come.

He said that Finance Minister Muhammad Ishaq Dar is making best efforts to expedite economic activities in the country and FPCCI wanted to make the government efforts more fruitful. He said that FPCCI believes in consultation therefore it had always urged the government to take stakeholders on board while evolving economic policies.