ISLAMABAD: President Mamnoon Hussain on Friday said that the government would soon start the refund of taxes to traders to enhance their trust in the government institutions, enabling them to pay more taxes for public welfare projects.
Talking to a traders’ delegation led by Malik Umar Din at President House, the president said infrastructure of Karachi’s industrial zone would be improved so that the investors could invest more.
He said Karachi was the commercial hub of Pakistan and the confidence of the investors and traders had boosted after the improvement of law and order situation in the city.
The president said projects being funded by the federal government were being executed swiftly and hoped that Green Line Bus Service project would be completed soon. The bus project would benefit millions of the people of Karachi, he added.
He said the traders’ community was the backbone of national economy and the federal government was exploiting all resources to resolve traders’ issues. He told the delegation that the government was taking serious steps to stabilise the local industry.
President Mamnoon said China-Pakistan Economic Corridor (CPEC) was in the interest of both Pakistan and China and assured traders that no step would be taken under CPEC to negatively affect the local industry. He said Pakistani traders would be given equal representation in the industrial zones to be established under the economic zones of the CPEC.
President Mamnoon said government was taking measures to curb street crimes in Karachi.
The head of the delegation, Malik Umar Din, apprised the president on the issues confronting the traders’ community and appreciated the steps being taken by the government for promotion of trade and industry.
Published in Daily Times, November 25th 2017.
