32.8 C
Islamabad
Friday, April 26, 2024

FBR must end misuse of power: President FPCCI

Must read

Daily The Spokesman April 26 2024 PDF

Daily The Spokesman April 26 2024 PDF

Folk festival Boysun Sparing to be held on May 1-7

Welcome to “Boysun Spring” Spokesman Report The international folklore festival “Boysun Sparing”, which is planned to be held on May 1-7 this year, includes a newly...

President to personally monitor all-out efforts to restore housing, infrastructure affected by floods

Spokesman Report Astana: President Kassym-Jomart Tokayev vowed he will personally monitor all-out efforts to help restore housing and infrastructure in the regions of Kazakhstan affected...

KARACHI— Mian Nasser Hyatt Maggo, President FPCCI, has commended the efforts of office of Federal Tax Ombudsman of Pakistan (FTO) in attempting to eradicate corruption and harassment by the tax collection machinery of FBR. FTO has rightfully identified the practices in FBR responsible for issuing fake, forged, illegitimate and fictitious notices to the business community and their banks to unlawfully take access to their bank details, transactions and balances, he added.

Mian Nasser Hyatt Maggo maintained that this practice by FBR is an unlawful and questionable use of the Section 176 of Income Ordinance 2001; and, he considers it an exercise and conspiracy against economic growth and development of Pakistan. SMEs, in particular, are more vulnerable and prone to this kind of abuse by the authorities; as they cannot hire expensive lawyers and spend their time to challenge the unfair notices at the relevant legal forums.

Mian Nasser Hyatt Maggo said that he is pleasantly surprised the accountability being carried out by the honorable  FTO without any fear, interference and vested interests in this regard, for which the investigation be done and exemplary punishments be given by FTO to tax officials found responsible on account of issuing fake and unauthorized  notices by tax officials to access bank accounts; instead of recommending FBR to probe the misuse of authorities by its own tax officials; which internal inquiries by FBR in most of  cases remain dormant and inconclusive.   Resultantly, the corrupt and compromised officials in the tax collection machinery has joined hands against even the inspections ordered by FTO by filing unauthorized petitions against the office of FTO. President FPCCI wondered, if tax machinery officials were authorized by government to challenge constitutional office of FTO in ordering inspections per law.

President FPCCI demands that the Prime Minister should take cognizance of such unauthorized acts of tax officials by filing petitions in PHC; which has dismissed the petition before the high court; against rightfully given  inspection orders by FTO to taxation Machinery. It is pertinent to note that office of FTO is constitutionally protected; and, the business, industry and trade community of Pakistan will stand united against any illegitimate pressure and hurdles being put forward in the discharge of the constitutional duties by FTO.

FPCCI Chief applauded the assertions by FTO that FBR needs to devise Standard Operating Procedures (SOPs) for invoking the Section 176; else, it will continue to indulge in maladministration at the expense of business community.  Mian Nasser Hyatt Maggo, as President FPCCI, has reiterated that misuse of powers by FBR must end & responsible practices should prevail. FPCCI – the apex & representative platform of entire business community of Pakistan – is ever willing & ready to help resolve all taxation issues through dialogue, consultation and bridging ever-protruding gaps with the policymakers, he added.

- Advertisement -FBR must end misuse of power: President FPCCI

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -FBR must end misuse of power: President FPCCI

Latest article

Daily The Spokesman April 26 2024 PDF

Daily The Spokesman April 26 2024 PDF

Folk festival Boysun Sparing to be held on May 1-7

Welcome to “Boysun Spring” Spokesman Report The international folklore festival “Boysun Sparing”, which is planned to be held on May 1-7 this year, includes a newly...

President to personally monitor all-out efforts to restore housing, infrastructure affected by floods

Spokesman Report Astana: President Kassym-Jomart Tokayev vowed he will personally monitor all-out efforts to help restore housing and infrastructure in the regions of Kazakhstan affected...

Kazakh language to become language of interethnic communication – President Tokayev

Spokesman Report Astana: Kassym-Jomart Tokayev called the nation for unity at today’s 33rd session of the People’s Assembly of Kazakhstan. He also expressed confidence, that...