Happening now in Lahore: Kicking off REMIT’s nationwide pre-budget consultation sessions on optimising revenue and public spending in partnership with SDPI Pakistan.
Mr. Usman Khan (Investment Lead at REMIT Pakistan mentioned some positive outcomes while adding his comments to the 1st session: “Removing Binding Constraints on Sectoral Growth”
“On revenue mobilisation in Pakistan, we were able to identify recommendations of almost a trillion rupees for federal government, and several of them have been included. So its not actually taxing more, but its actually fairer tax system that supports growth and overall economic growth of the country.”
Breakdown of Panel Discussions:
- Panel on sectoral growth- how policy consistency and effective coordination is essential to make it easier for businesses in Pakistan.
- Panel on revenue mobilisation and growth – taxation systems need to talk more to those for whom tax policy is being formulated.
- Panel on revenue mobilisation and growth- tax authorities need to revamp internally to be able to show results externally.
- How can the taxation system be reformed in Pakistan?
- “There is a strong nexus between the taxation system & economic growth. We need to reduce policy inconsistencies & establish harmonization. ” Mr. Tariq Chaudhary, Member Tribunal ATIR.
- Panel on revenue mobilisation and growth – government- industry linkages need to be strengthened through effective public-private mechanisms.
- Panel on revenue mobilisation and growth- how taxation systems need to talk more to those for whom policy is being formulated.
- Panel on sectoral growth.
- Panel on revenue mobilisation and growth – how internal structures within revenue authorities need an overhaul.
- Panel on inclusive growth and how women and girls need to be an integral part of provincial and federal planning and financing processes.