KARACHI: Shahid Iqbal Baloch, chief commissioner of the Large Taxpayers Office (LTO) Karachi, has praised the members of the Pakistan Business Council (PBC) for the highest contribution towards tax revenue, a statement said.

Senior tax officials visited the PBC to discuss pending tax issues and their effective and workable solutions.

PBC CEO Ehsan Malik, director research Samir S Amir and other member taxpayers of PBC attended the meeting.

The chief commissioner highlighted the role of the LTO, Karachi in collection of all domestic taxes particularly with reference to the PBC members, who are the highest taxpayers of the country.

The members of the Pakistan Business Council shared their views and issues of taxation with the LTO official who also ensured their timely completion and said that the team of officers posted at the LTO Karachi are thorough professionals and all their pending tax-related issues would be completed as per the law.

Aman Ghanchi, company secretary, Unilever Pakistan Limited, proposed that to better understand various business cycles and processes, workshops may be arranged so that the department would better understand the trade of the taxpayers for effective implementation of the policies of the board.

It would also help improve the taxation within the country, he added.

Ehsan Malik also highlighted the exchange of industry notes by virtue of which old settled issues would not be repeated and resultantly there would be less pressure on the appellate side and precious time of the tax machinery, as well as the businessmen would be saved.

The PBC members appreciated the efforts of the Federal Board of Revenue (FBR) in effective implementation of the policies of the government of Pakistan in a very effective and efficient manner.