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Expansion of tax net is need of the hour, says CEO TADP

Expansion of tax net is need of the hour, says CEO TADP

LAHORE: Chief Executive of Trade Development Authority of Pakistan (TDAP) SM Muneer has given a well designed and well tailored recipe to enhance exports in the quickest way.

He was speaking at the Lahore Chamber of Commerce and Industry. The LCCI President Ijaz A. Mumtaz presented the address of welcome while senior vice president Mian Nauman Kabir, former LCCI presidents Iftikhar Ali Malik, Syed Mohsin Raza Bukhari, Mian Misbah-ur-Rehman, former senior vice presidents Sheikh Muhammad Arshad, Mian Tariq Misbah, former vice president Aftab Ahmed Vohra and executive committee members also spoke on the occasion.

The TDAP chief said that that authority has worked out a strategy to increase exports as Pakistan has the potential to win the global market.“Exports would get a jumpstart once issues of energy shortage and stuck-up refunds worth billions of rupees are resolved”, TDAP Chief Executive said.

He said that TDAP has organized around 118 exhibitions in a short span of time while the trade delegations are being supported to the maximum. S.M. Muneer said that presently the TDAP is working on creating awareness among the businessmen about right market places in the world.

He said the TDAP is a facilitator and would extend maximum facilitation to the entrepreneurs who are the torchbearers and need all the encouragement.

He said that the government is quite alive to the issues and challenges being faced by the business community and taking necessary measures to overcome these problems. To a question, S.M. Muneer said that expansion of tax net is need of the hour as it would not only bring progress and prosperity

Speaking on the occasion, the LCCI President Ijaz A. Mumtaz stressed the need for market and product diversification to give a jumpstart to the declining exports.

Ijaz A. Mumtaz suggested that TDAP should focus on exploring the new markets for Pakistan especially for value added items. It is high time to diversify our products and export markets. About 49% of Pakistan’s exports regularly find their way to just six countries from the last few years.