Karachi, December 09, 2022 (PPI-OT):In a statement on the occasion of Sindh Revenue Board (SRB) chairman’s visit to FPCCI Head Office, Mr. Irfan Iqbal Sheikh, President FPCCI, has stressed upon the need to strengthen and broaden the scope of Alternative Dispute Resolution Committee (ADRC) to save the precious time, resources and hassle of both the sides, i.e. business community and Sindh Revenue Board.
Co-chairing the high-profile meeting with SRB Chairman, Mr. Suleman Chawla, SVP FPCCI, offered to nominate technical and expert members of the business, industry and trade community from the platform of FPCCI to facilitate SRB’s efforts to strengthen ADRC. FPCCI nominees will come with the first-hand knowledge of real issues and with deep understanding of the taxation matters, he added.
Mr. Shabbir Mansha, VP FPCCI, demanded that as Karachi contributes the lion’s share of taxes in federal and provincial authorities, there should be an enhanced focus on the infrastructural development of Karachi – specifically in industrial and commercial areas and port infrastructure. This will only increase the revenue generation from Karachi, he added.
Mr. Shaukat Omerson, VP FPCCI, apprised the top management of SRB that many members of FPCCI are qualified in alternative dispute resolution mechanism; including the incumbent and former office bearers of FPCCI; and, they can offer great support to SRB’s ADRC initiatives.
Mr. Khurram Ejaz, Advisor to the President of FPCCI on FBR and revenue matters, said that FPCCI considers SRB as their partners and not as adversaries; because objectives of both the institutions are same – economic development of the province and resolution of all disputes and anomalies pertaining to provincial tax collection.
On the demand of FPCCI, Dr. Wasif Ali Memon, Chairman SRB, announced on the occasion that an effective and inclusive ADRC will be formulated by SRB in few weeks and we will include 5 – 6 nominees of FPCCI into the committee.
Chairman SRB also proposed that FPCCI nominees should come from varied sectors to address issues of all the sectors. Additionally, he requested the business community to exhaust the ADRC and other SRB procedures before going into litigation as it only delays the dispute resolution.
Dr. Wasif Ali Memon also highlighted that PKR. 80 billion worth of cases are stuck in litigation and SRB is all-willing to resolve as many cases amicably as possible. We want to be the facilitators and partners to the business community and no highhandedness is ever desired by SRB, he added.
For more information, contact:
Head Office,
Federation of Pakistan Chambers of Commerce and Industry (FPCCI)
Federation House, Main Clifton, Karachi, Pakistan
Tel: +92-21-35873691-94
Fax: +92-21-35874332
Email: info@fpcci.org.pk
Website: http://fpcci.org.pk/