Finance Minister Hails Committees’ Role in Finance Bill 2023-24, Promises Business Community Support in Budget

Web DeskJune 21, 20235024 min

Finance Minister Senator Mohammad Ishaq Dar took charge of the final session of the meeting held at the Federal Board of Revenue (FBR), which included the Business & Technical Anomaly Committees. During the meeting, the Finance Minister acknowledged and commended the valuable suggestions put forth by the committees regarding specific amendments to be made in the Finance Bill for the fiscal year 2023-24.

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The Finance Minister expressed his commitment to providing maximum support and facilitation to the business community through the upcoming Federal Budget. The aim is to enhance the ease of doing business and promote the overall prosperity of Pakistan. Recognizing the importance of a conducive business environment, Senator Mohammad Ishaq Dar stressed the government’s determination to create favorable conditions for economic growth and investment in the country.

The Business & Technical Anomaly Committees play a vital role in assessing and identifying areas where amendments or adjustments are necessary to align the Finance Bill with the needs and requirements of the business community. The Finance Minister’s appreciation of their suggestions indicates the government’s intention to incorporate valuable inputs from industry experts and stakeholders.

The forthcoming Federal Budget will serve as a significant platform for implementing measures aimed at improving the business climate in Pakistan. It is expected that the Budget will contain provisions to simplify processes, reduce bureaucratic hurdles, and create an environment that encourages entrepreneurship and investment.

The Finance Minister’s assurance of maximum facilitation for the business community highlights the government’s focus on promoting economic growth and development. By addressing anomalies and incorporating suggestions, the government aims to foster an environment conducive to business expansion, job creation, and overall prosperity.

The Finance Minister’s active involvement in the concluding session of the Business & Technical Anomaly Committees’ meeting underscores the government’s commitment to engaging with relevant stakeholders and incorporating their inputs into policy-making processes. This collaborative approach seeks to ensure that the Federal Budget reflects the aspirations and priorities of the business community and contributes to a thriving economy.

As preparations for the Federal Budget for the fiscal year 2023-24 progress, the government’s emphasis on ease of doing business and support for economic growth signals a positive outlook for the business community in Pakistan. The Finance Minister’s assurance of facilitation underscores the government’s dedication to fostering an environment that encourages investment, innovation, and sustainable economic development.

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