MULTAN: President of Multan Chamber of Commerce and Industry (MCCI), Khawaja Muhammad Usman has said that it is the government’s responsibility to provide a safe and favourable environment for business community to help them generate maximum revenue.
The government must focus on creating an enabling environment for local investors so that they could stop shifting their businesses abroad, he added.
He emphasised the need for ensuring business-friendly environment in the country to stop the outflow of national assets and to attract new foreign investment in the country.
“We only resist higher rate of taxation on existing taxpayers as it will never help achieve the desired objectives but the revenue targets can certainly be achieved when maximum number of people are taken into the tax net by asking them to pay nominal tax, which can later on be raised gradually,” he suggested.
He said that we are facing three major challenges including law and order situation, energy crisis and corruption. “Out of these three challenges, the worst one is corruption which if addressed will help resolve many issues being faced by Pakistan,” he added.