Prime Minister Shehbaz Sharif has taken into account a proposal to authorize the arrests of traders involved in tax fraud, following increasing concerns expressed by the country’s business community.
The issue was discussed during a high -level meeting under the prime minister’s chairing Monday. Finance Minister Muhammad Aurangzeb, chairman of the Federal Revenue Council (FBR) and senior officials were present.
According to officials familiar with discussions, the funding bill includes a provision that would allow FBR to arrest people involved in tax fraud, with sanctions extending up to 10 years in prison.
The move has criticized Pakistan’s business community. Pakistan’s business council formally wrote to the prime minister, urging a review of the proposed FBR enforcement powers.
Sources said the prime minister was informed of the possible legal and financial impact of the measure and requested further discussions before the final decision.
FBR claims that powers are essential to tackle persistent tax evasion, which continues to prevent the country’s revenue collection. However, critics and members of the business community argue that such powers, if not controlled, could be used abuse and harm business confidence.
In addition, the presidency of a re -examination meeting on the development of the IT educational ecosystem, the prime minister emphasized the need for the country’s youth equipment with advanced skills to lead local transformation and enhance employment.
He said that educational programs should be aligned with market needs to ensure that young people are busy both domestic and internationally.
Sharif added that efforts would be made to ensure a steady offering of specialized Informatics professionals to local businesses, allowing them to meet global standards and contribute to foreign exchange profits.
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