Karachi: Federal Minister for Finance Muhammad Aurangzeb has called all buisness chambers and associations for negotiations on their strike of July 19 against powers of the Federal Board of Revenue (FBR) tomorrow on July 15, Tuesday.
Talking to media at the overseas investors chambers of commerce in Karachi, the Minister said that he will listen point of view of all the chambers and associations regarding July 19 strikes and will try to teach our point of view as well.
He urged that all the chambers should attend the meeting after studying existing laws.
He apprised that we have put may safeguards in laws on sales tax fraud adding for arrest on an irregularity over Rs 50 million permission of commissioner or three-member FBR board will be must.
He clarified that there is no any relation with powers of the FRB and income tax while the FBR additional powers will be applicable on a person commiting an embezzelment of Rs 50 million.
Muhammad Aurangzeb said that propaganda is being propagated on the additional powers of the FBR.
He said that the additional powers of the FBR was approved after consulation with standing committee in the National Assembly and the additional powers have been imposed to prevent sales tax fraud.
