LAHORE: Lahore Chamber of Commerce and Industry (LCCI) Vice President Zeeshan Khalil has said that the initiative of the tax amnesty scheme is good as the black money will be brought back, enabling the country to build its reserves and leave dependence on the foreign direct investment and loans from donor agencies. However, he said the timing of the scheme is questionable.
Kashif Anwer, sales tax affairs chairman of the standing committee of the Federation of Pakistan Chambers of Commerce and Industry, Lahore Region, said that it is good that the government announced the amnesty scheme as this measure would bring back black money into the country which will build up forex reserves and the economy would get strong.
He, however, said that the last date for the scheme was June 30 which would not produce the required results. Pakistan Auto mobile Spare Parts Importers and Dealers Association central chairman Nasir Hameed Khan said that this was a right step at the right time which would drive huge sum of money in the country and the oversea Pakistanis should tap the opportunity.
He, however, said that the Prime Minister Shahid Khaqan Abbasi should also have announced some policies to contain the sliding rupee value.