The government has made several efforts to improve the Ease of Doing Business (EoDB) and have materialized many demands of the business community.
These efforts include the clubbing of 45 different taxes. Minister of State and Chairman Board of Investment (BOI) Haroon Sharif said this while remarking that the government is on its way to introduce one tax regime.
He said that the government has linked different departments through e-portals. Owing to this initiative, businessmen will be able now to pay their taxes online. This step is to facilitate the local investors and the business community in operating efficiently.
The state minister made these comments while visiting the Rawalpindi Chamber of Commerce and Industry (RCCI). The Chairman underlined that the business community should come up with their recommendations and suggestions regarding improvement of Foreign Direct Investment (FDI) in different sectors like Agrifoods, Tourism, services sector, real estate, and poultry.
He also suggested the business community to have a close partnership with the Chamber of Commerce via an advisory council that will monitor the progress of government initiatives and provide feedback on given projects.