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PM Imran, businessmen agree to expand tax base


Prime Minister Imran Khan on Sunday met delegation of Pakistan Stock Exchange led by its Chairman Sulaiman Mehdi in Karachi. Officials of PSX and stock brokers were part of the delegation.

During the meeting, the prime minister said that vast opportunities of investment are available in Pakistan, adding that foreign investors are expressing keen interest to invest in various sectors of the economy.

Imran Khan said that the approach of incumbent government regarding business and investment is different from the previous governments. He said necessary steps are being taken to bring stability in the market.

He also sought suggestions of businessmen to further improve business environment in the country.

The two sides agreed to expand tax base and increase the use of IT in the stock market. The meeting also agreed with consensus to stop illegal transactions.

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Later, a delegation of Chamber of Commerce and Industry also called on PM Imran Khan. Renowned industrialists including Siraj Kassam Teli, Tahir Khaliq, Haroon Agar, Shamim Firpo, and Junaid Esmail Makda were part of the delegation among others.

During the meeting, the premier vowed to reduce unemployment in the country by promoting industry.

He said: “Government is devising policies to support the country s export industry in order to bridge the gap between exports and imports. He informed the businessmen that revenue and policy wings of Federal Board of Revenue were separated on their suggestions in order to bring efficiency in planning and implementation.”

The delegation apprised Imran Khan of various matters relating to industries in Karachi and presented suggestions for promoting industrialization.

Issues relating to supply of gas to industries in Karachi, measures to stop the power theft, increase in exports and small and medium enterprises also came under discussion.

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