The Federal budget for FY 2010-11, introduced in
Recently, Karachi Chamber of Commerce and Industry (KCCI) talked with Sohail Ahmed, Chairman, Federal Board of Revenue,
KCCI representatives expressed their frustration of rising harassment by tax authorities and not forming any committee to address the budget anomalies by the Ministry of Finance.
Abdul Majid Haji, President, KCCI, said that business community had high expectations from the current government of
Mr. Majid said that the newly introduced budget did not focus on growth of the domestic industry, problems of common people and self-reliance of the business people.
Sohail Ahmad admitted that business community is having problems with GST and VAT. He said that committees for direct and indirect taxation and customs would be formed. He also said that previous policies would continue and there would be no harassment. Self-assessment would stay but it would be properly implemented this time.