19-member committee formed to resolve issue of withholding tax on bank transaction

ISLAMABAD (92 News) – Federal Finance Minister Ishaq Dar and traders held talks over the issue of withholding tax on the bank transaction. Another round of the dialogues would be held at 10am tomorrow and decision would be made by evening. The committee will include the FBR chairman, presidents of seven chambers and representatives of seven bodies of traders. Speaking on the occasion on Tuesday, Ishaq Dar said that their objective is to collect tax, not to disturb any community. “There is need to impose new taxes to improve the economic condition of the country,” he said. “The country cannot progress without promoting the tax culture.” The minister said that every person will be brought into the tax net.