LCCI Commends FBR for Extending Tax Filing Deadline

Lahore: The Lahore Chamber of Commerce and Industry (LCCI) has expressed appreciation for the government’s decision to extend the tax return filing deadline by 15 days. The move has been hailed as a significant relief for the business community and a signal of the government’s commitment to public-private partnership.

Faheem-ur-Rehman Saigol, President of LCCI, conveyed his gratitude to Prime Minister Shehbaz Sharif, Finance Minister Muhammad Aurangzeb, and FBR Chairman Rashid Langrial for accommodating LCCI’s long-standing request. Saigol emphasized that this decision would facilitate traders and strengthen trust between the business sector and the government.

LCCI’s Senior Vice President Tanveer Ahmad Sheikh and Vice President Khurram Lodhi noted that the chamber has consistently highlighted the challenges faced by traders. They believe the government’s response underscores its commitment to constructive dialogue and public-private cooperation.

The extension is expected to benefit small and medium enterprises significantly. Many SMEs experience challenges in meeting tax filing deadlines, and the additional time is likely to make the process more efficient and contribute to an expanded tax net.

Saigol reiterated that the step would enhance the business climate and reinforce trust between the private sector and the government. He added that LCCI will continue its collaboration with the government to improve areas critical to economic growth, such as ease of doing business and tax reforms.

The LCCI President affirmed the chamber’s role as a key link between public and private sectors, advocating for economic progress through dialogue and cooperation.

Check Also

Currency Exchange Rates Update: USD, Euro, and GBP Show Slight Variations

Karachi: The Exchange Companies Association of Pakistan released the latest currency exchange rates, revealing slight variations in the values of major currencies. The US Dollar is being traded at 281.83 for buying and 282.30 for selling. The Euro ...