KATI appreciates Historic Increase in foreign reserves

Petron in chief of Korangi Association of Trade and Industry (KATI) SM Muneer and President of the association Zahid Saeed appreciated The Federal Board of Revenue (FBR) for achieving tax collection target and welcomed the news of historic increase in foreign currency reserves. Muneer said that this is a great achievement of Prime Minister Mian Nawaz Sharif and his economic team specially Finance Minister Ishaq Dar. He said these are the positive indicators of stability in country’s economy and will be helpful to attract more investments. President of KATI Zahid Saeed said that Industrialists and business community, by and large, is always ready to pay taxes, this is as great news for us that tax collection targets have been achieved for last fiscal years, and we believe that there is more potential to enlarge tax net, he urged that for maintaining and enlarging tax net, regular tax payer should be benefited and newcomers too.

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