IT solutions to check tax evaders on cards: Asad Umar
ISLAMABAD: Finance Minister Asad Umar warned that tax evaders would not be spared and government is applying Information Technology (IT) solutions to check tax evasion and bring reforms in institution.
Addressing ‘Leaders in Islamabad Business Summit’, Umar said that government would chase down tax evaders, and it was taking help from technology to bring more people into tax net.
A tracking system for tax evaders is in works, he added.
He further said that government has managed to bridge the gap with International Monetary Fund and further talks would be held with IMF this week.
Adviser on Commerce Abdul Razak Dawood, while addressing audience said that process of industrialisation has been started in country and results of government’s policies in this connection will be visible in coming months.
He said Pakistan’s imports have already compressed as a result of government’s policies and would continue to be compressed further.
“We are also in the process of finalising a strategy to remove bottlenecks in promotion of small and medium sector enterprises,” Dawood said. Duties on raw materials have been reduced and more steps will be taken in next budget to strengthen SMEs, He added.