The first meeting of the Business Persons Council (BPC) was held under the chairmanship of Mr. Shaukat Tarin, Federal Minister for Finance here today.
The BPC is represented by businesspersons from various business sectors covering all four provinces, including ICT and FATA.
The BPC members appreciated the initiative of the President and the Prime Minister to form such a council and congratulated Mr. Shaukat Tarin, for his continuous efforts for initiating such a forum to bridge the gap between business community and the Government.
During the meeting, the members discussed with the Finance Minister their business related problems and impediments which need government’s immediate attention including energy, infrastructure and taxes structure of the economy.
Mr. Shaukat Tarin appreciated the members of BPC for their valuable input. He reiterated his commitment to increase tax to GDP ratio with the support of the business community and assured the BPC members that FBR will provide full support to the business community to address their concerns. Mr. Shaukat Tarin briefed the BPC on government’s Nine Points Agenda and the actions he is taking to address the issues faced by industry and agriculture sectors. He also stressed the need for ‘Public-Private Partnership’ on permanent basis.
The participants showed confidence on the policies of stabilization and growth being undertaken by the government. It was felt that the dialogue in the forum would help in better policy formulation and implementation. The meeting decided that business community would be taken into confidence on policy issues.
It was further decided that the BPC would hold its meetings on monthly basis and the President and the Prime Minister would be requested to co-chair the meeting of the council every third month. Private sector representatives were asked to send their suggestions and feedback to Ministry of Finance prior to the next meeting.
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