CHAIRMAN FBR HOLDS MEETING WITH LAHORE CHAMBER OF COMMERCE AND INDUSTRY AT LTO LAHORE

LAHORE: In pursuance of the directives of the Hon’ble Prime Minister, Chairman Federal Board of Revenue (FBR), Mr. Rashid Mahmood Langrial, has initiated regular engagement with stakeholders. In this regard, he visited the Large Taxpayers Office (LTO) Lahore and held a meeting with a delegation of the Lahore Chamber of Commerce and Industry (LCCI), led by its President Mr. Faheem ur Rehman Saigol, to discuss taxation, trade, industry and business facilitation matters.

The meeting was attended by Member (Inland Revenue Operations), Member (Customs Operations), Chief Commissioners, senior officers of FBR, and representatives of LCCI.
Welcoming the delegation, Chairman FBR emphasized the importance of regular engagement with the business community and announced that such meetings would be held every month. He invited the business community to bring forward its issues, assuring that their concerns would be addressed in real time, wherever possible.
LCCI President Mr. Faheem ur Rehman Saigol appreciated the initiative and acknowledged FBR’s efforts regarding real estate, Super Tax and advance tax on exports. The delegation also presented various concerns relating to administration and operations.

The meeting included detailed discussions on digital invoicing, responsiveness of tax authorities, industrial concerns, duties on paper, electronic items and spare parts, as well as the need to prevent misuse of tariff provisions.
Chairman FBR appreciated the concerns and suggestions of the business community and stated that FBR was continuously working to resolve genuine issues faced by taxpayers. He emphasized the need to broaden the tax base and bring all eligible sectors into the tax net, noting that meaningful progress could not be achieved without the cooperation of the business community.
The Chairman directed the concerned officers to address issues relating to income tax refunds on a priority basis and ensure timely resolution of genuine taxpayer concerns in accordance with law and applicable procedures. He stated that the resolution of administrative and operational issues is top priority of the board.
Chairman FBR also encouraged the Chamber to support the objectives of the national tariff policy and contribute towards a fair and transparent trade and taxation environment.
The LCCI delegation appreciated the Chairman’s initiative for regular engagement and expressed its commitment to continued cooperation with FBR for resolution of business-related issues and improvement of the overall tax and business environment.