Finance Minister exhorts poultry association to keep a check on prices

Islamabad, June 16, 2015 (PPI-OT): Finance Minister Senator Mohammad Ishaq Dar here on Tuesday while meeting with a 4-member delegation of the Poultry Association of Pakistan, said that in view of the sanctity of the month of Ramadan and facilitating the people at large, the Association should closely monitor the poultry prices. He urged members of the delegation to keep a regular check on the rates of poultry.

The delegation informed the Minister that the enhancement in the poultry rates was triggered by a supply gap which emerged due to low prices in the last five to six months. They also on this occasion discussed with the Minister the current taxes on poultry sector.

The Minister said the government had a resolve to enhance revenue and improve the tax to GDP ratio. It had a number of obligations to meet in the coming fiscal year. Expenses on rehabilitation of TDPs as well as the ongoing anti-terror operation would need a large chunk of revenue, he said. Similarly there were a number of other areas to attend to.

The Minister added that the businessmen and traders community had a responsibility to contribute to national exchequer in this hour of need. He however assured the Poultry Association that their recommendations regarding taxes on poultry would be given consideration despite the economic constraints faced by the government.

A decision in this regard, he said would be announced in his winging up speech on the budget. The delegation thanked the Minister for the patient hearing about their tax related issues and assured him that they would do their best to keep a check on poultry prices in view of the month of Ramadan.

Chairman FBR, Tariq Bajwa, Additional Secretary to Finance Minister, Tariq Mahmood Pasha and other senior FBR and Finance Ministry officials attended the meeting.

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