Rawalpindi: (Parliament Times) A five member delegation of Rawalpindi Chamber Of Commerce and Industry (RCCI) and ISE REIT called on Federal Board of Revenue (FBR) Acting Chairperson Ms Nausheen Javed Amjad at FBR House Islamabad. The delegation includes Group Leader Sohail Altaf, Former President RCCI and Chairman ISE REIT Zahid Latif Khan, Senior Vice president Nosherwan Khalil Khan, Masoom Akhtar Director ISE REIT and Sagheer Mushtaq, CEO ISE REIT.
Talking to the RCCI delegation Acting Chairperson Nausheen Javed said that FBR has the aim to facilitate the business community through transparent tax system and emphasized that every sector of economy should play its due role for promoting the tax culture in the country.
FBR has taken concrete measures to facilitate traders and it always welcome suggestions and recommendations from the business community, she added.
Zahid Latif Khan gave a brief introduction of the ISE REIT and lauded the FBR initiatives for introducing the tax reform to promote tax culture in the Pakistan. He highlighted that Real Estate Investment Trust (REIT) is the ideal form for documenting the real estate sector which is heavily invested. Therefore, FBR should introduce such tax reforms which support the growth of REIT Sector.
Sohail Altaf highlighted the role of RCCI to encourage the tax culture in business community. He also requested that genuine grievances of the business community should be addressed.
Senior Vice President Nosherwan Khalil Khan said that raids and closure of business centres gave a negative message, besides adversely affecting the reputation and goodwill of the businesses concerned.
Just to acquaint, ISE Towers REIT Management Company Limited formerly known as Islamabad Stock Exchange Limited was established as NBFC in January 2016 upon merger of three stock exchanges. ISE REIT plans to launch REIT scheme in Islamabad in the near future.