Finance Minister meets with PCB, Pakistan Business Council delegation

ISLAMABAD: Federal Minister for Finance and Revenue Muhammad Aurangzeb met with a delegation from the Pakistan Business Council (PBC) and Pakistan Cricket board (PCB) on Tuesday.

The meeting was led by PBC Chairman Shabbir Diwan and held at the Finance Division, . The delegation presented specific budgetary and tax proposals aimed at addressing most pressing economic issues. The presentation also suggested ways to foster economic growth in Pakistan.

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During the meeting, the delegation engaged in dialogue with the Finance Minister regarding the current economic situation,. They urged implementing measures to bolster the economy and ensure sustainable development. However, the delegation also presented proposals to better fiscal policy efficiency and promote investment opportunities.

A key focus of the meeting was the ongoing efforts to digitise the Federal Board of Revenue (FBR). The finance minister agreed that these initiatives were needed in expanding the country’s tax base and formalising untaxed segments of the economy.

Aurangzeb also stated the government and the business community needed to work together to successfully achieve the outlined objectives.

The finance minister thanked the business council and acknowledged the importance of considering the delegation’s proposals. He directed FBR Chairman Amjed Zubair Tiwana to review them.

In response, the PBC chairman reiterated the business council’s commitment to “contributing constructively” to the country’s economic development. He said that fostering a “conducive” business environment through effective policy measures and public-private sector collaboration.

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The meeting concluded with the finance minister reassuring the delegation that all necessary actions would be taken. Everything would be mutually consulted to ensure favourable outcomes for both, the government and the business community.