The President of the Lahore Chambers of Commerce and Industries, KashifAnwar, recently held discussions with Chief of the Army Staff (COAS)General Asim Munir regarding the regulation of money exchanges and thecountry’s economic situation. General Asim Munir, during the meeting,provided reassurances to the business community regarding the inclusion ofmoney exchanges in the taxation framework, emphasizing the need fortransparency in dollar exchange and interbank rates.
The meeting, led by Kashif Anwar and attended by a delegation from theLahore Chambers of Commerce and Industries, shed light on various criticalmatters. General Asim Munir underscored the significance of the SpecialInvestment Facilitation Council (SIFC), highlighting its potential toattract substantial investments, estimated at up to $100 billion, fromcountries like Saudi Arabia, the UAE, Kuwait, and others.
Kashif Anwar, speaking on behalf of the broader business community,advocated for active collaboration with all chambers to ensure a diverserange of perspectives in the task force’s agenda. He also addressedpressing concerns affecting the public, proposing a reduction in income andsales tax rates on electricity bills.
Anwar emphasized that the current high taxation on electricity places asignificant burden on the populace, impacting their daily lives,businesses, and overall well-being.
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In conclusion, COAS General Asim Munir expressed optimism that Pakistan hasthe potential to overcome the prevailing financial crisis. Thesediscussions between the military leadership and the business communitysignify a collaborative effort to address economic challenges and promotetransparency and investment in the country’s financial landscape.
