ADVERTISEMENT
Wednesday, May 13, 2026
No Result
View All Result
The AZB More Than Just News
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION
No Result
View All Result
Daily The Azb
No Result
View All Result
Home Business

Present recommendations on the budget proposals prepared by KATI to higher authorities and policy makers, Chief Commissioner Zubair Bilal

Syed Turab Shah by Syed Turab Shah
May 19, 2025
Present recommendations on the budget proposals prepared by KATI to higher authorities and policy makers, Chief Commissioner Zubair Bilal
Share on FacebookShare on Twitter

Karachi: Chief Commissioner Inland Revenue, Large Taxpayers Office (LTO) Karachi, Zubair Bilal has stated
that the salaried class can expect some relief in the upcoming federal budget and that the Federal Board of
Revenue (FBR) maintains a zero-tolerance policy against corruption. He made these remarks during his visit
to the Korangi Association of Trade and Industry (KATI), where he addressed a gathering of industrialists and
business leaders.
A large number of KATI members, including President Junaid Naqi, Senior Vice President Ejaz Sheikh, Vice
President Tariq Hussain, Standing Committee Chairman Tariq Malik, former presidents and chairman Farhan-
ur-Rehman, Ehteshamuddin, and Commissioner FBR Abdul Hafeez, were present at the meeting.
Zubair Bilal emphasized that the business community, under KATI’s leadership, should compile and submit
budget proposals to the tax authorities. “We will review the proposals, attach our recommendations, and
forward them to senior officials and policymakers to ensure the budget reflects the needs of the business
community,” he said. He also announced that monthly meetings would be held at KATI to address industry
concerns through mutual consultation.

KATI President Junaid Naqi presents a shield to Chief Commissioner Inland Revenue Zubair Bilal. Tariq Malik, Farhan-ur-Rehman, Ejaz Sheikh, Syed Tariq Hussain, Hisham Razzaq, and Abdul Hafeez are also present.
He stressed that a successful tax policy is one that fosters business growth. “When industries flourish, profits
increase, and tax revenue rises—ultimately benefiting the nation,” he added. He acknowledged that
businesses currently face difficulties complying with the rules and regulations of 58 federal and provincial
agencies and assured the community of full support and accessibility.
Earlier, KATI President Junaid Naqi highlighted major concerns of the business sector, including the lack of a
comprehensive government policy and the pressure on existing taxpayers. “Despite paying taxes, we face
years of recurring complaints, including arbitrary notices and threats of account freezes by FBR officers,” he
said, demanding an end to corruption and more action to broaden the tax base rather than increasing the
burden on compliant taxpayers.
Naqi expressed strong reservations about the amended tax ordinance, particularly provisions that would
allow FBR officials to be stationed within industrial units to monitor production—calling it a serious violation
of constitutional rights. He warned that while the government increases tax targets to satisfy the IMF, the
burden falls entirely on current taxpayers who are already under immense pressure.
Standing Committee Chairman Tariq Malik called for digitization of the tax system to ensure transparency
and quick resolution of complaints. “Those who evade taxes must be held accountable, but the FBR often
treats genuine taxpayers as if they are part of the problem,” he said. Malik emphasized that only a small
segment of the business community is involved in tax evasion and that KATI does not support such elements.
Former Presidents and Chairmen Farhan-ur-Rehman and Ehtishamuddin, along with Senior Vice President
Ejaz Sheikh and other KATI members, also addressed the gathering.

Advertisements
Advertisements
Syed Turab Shah

Syed Turab Shah

Related Posts

Pakistan, IMF Discuss Budget Preparations and Long-Term Economic Reform Agenda
Business

Pakistan, IMF Discuss Budget Preparations and Long-Term Economic Reform Agenda

May 13, 2026
President Zardari Approves Sitara-i-Shujaat for Shepherd Martyred While Foiling Suicide Attack
Headline

President Zardari Approves Sitara-i-Shujaat for Shepherd Martyred While Foiling Suicide Attack

May 13, 2026
Trump Claims New Iran Deal ‘Far Better’ as Tehran Voices Deep Distrust
Headline

Trump Rejects Need for China’s Help as Iran War Deepens, Oil Surges and Hormuz Tensions Escalate

May 13, 2026
Pakistan Accepts IMF Conditions on Economic Zones.
Business

IMF Delegation Arrives in Pakistan for Budget Talks Ahead of FY2026–27 Federal Budget

May 13, 2026
Pakistan Receives $1.3 Billion IMF Inflow as SBP Strengthens Foreign Exchange Position
Business

Pakistan Receives $1.3 Billion IMF Inflow as SBP Strengthens Foreign Exchange Position

May 13, 2026
Pakistan to End Rs140 Billion Gas Cross-Subsidy by 2027 Under IMF Commitment, Shift Toward Income-Based Relief
PAKISTAN

Pakistan to End Rs140 Billion Gas Cross-Subsidy by 2027 Under IMF Commitment, Shift Toward Income-Based Relief

May 13, 2026
Global Competitiveness Vital for Pakistan’s Economic Future, Says Ambassador Khalil Hashmi
Business

Global Competitiveness Vital for Pakistan’s Economic Future, Says Ambassador Khalil Hashmi

May 12, 2026
FPCCI Hosts High-Level Iranian Trade Delegation, Eyes $10 Billion Bilateral Trade Target
Business

FPCCI Hosts High-Level Iranian Trade Delegation, Eyes $10 Billion Bilateral Trade Target

May 12, 2026
Pakistan-China Economic Relations Enter New Sustainable Era, Says Malik Muhammad Bostan
Business

Pakistan-China Economic Relations Enter New Sustainable Era, Says Malik Muhammad Bostan

May 12, 2026
Qatar Backs Pakistan’s Mediation as Gulf Diplomacy Intensifies Amid Iran–US–Israel War and Hormuz Crisis
Headline

Qatar Backs Pakistan’s Mediation as Gulf Diplomacy Intensifies Amid Iran–US–Israel War and Hormuz Crisis

May 12, 2026
Next Post
Massive Protest Against Severe Load Shedding in Ibrahim Hyderi by Fisherfolk Community

Massive Protest Against Severe Load Shedding in Ibrahim Hyderi by Fisherfolk Community

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Are you human? Please solve:Captcha


Most Popular

No Content Available

Must Read

Taming the gurus
OPINION

Taming the gurus

December 15, 2018
Standard Chartered Pakistan awarded banking mandate by Dawlance, a part of Beko global
BANKING

Standard Chartered Pakistan awarded banking mandate by Dawlance, a part of Beko global

November 21, 2025
The Azb is a 24/7 online news platform that covers a wide range of topics including business, economics, technology, finance, travel, fashion, and lifestyle.

Quick Links

  • Home
  • About us
  • SCI-TECH
  • Live TV
  • Banking

Useful Links

  • Videos
  • Reviews
  • Advertorial
  • Photos
  • About us
  • Author
  • Home
  • Latest News
  • Partner
  • Privacy Policy
  • Russian Theatre Group Celebrates Fifth Anniversary in Pakistan.
  • Terms and Conditions
  • The Azb – More Than Just News
  • Contact

© Copyright 2024 theazb. All Rights Reserved.

No Result
View All Result
  • HOME
  • Latest News
  • Business
  • PAKISTAN
  • SPORTS
  • WORLD
  • E-Paper
  • SCI-TECH
  • BANKING
  • ARTICLES
  • OPINION
  • MORE
    • MOBILE
    • TELECOM
    • PERSONALITY
    • HEALTH / EDUCATION

© Copyright 2024 theazb. All Rights Reserved.