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Home Top News Forex dealers would be brought under the tax net, Gen Asim Munir assures businessmen

Forex dealers would be brought under the tax net, Gen Asim Munir assures businessmen

Business leaders meet COAS at Corps Commander's Headquarters in Lahore.

by NWMNewsDesk
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Chief of Army Staff (COAS) General Asim Munir on Sunday assured the business community of fostering transparency in dollar exchange and interbank rates.

Following the depreciation of the Pakistani rupee against the US dollar, Chief of the Army Staff (COAS) General Asim Munir has announced plans to bring money exchanges within the tax framework.

The announcement was made on Sunday during a meeting with members of the business community at the Corps Commander’s Headquarters in Lahore.

COAS assured businessmen that measures would be taken to enhance transparency in dollar exchange rates and interbank transactions.

The Lahore Chamber of Commerce and Industry (LCCI) issued a statement detailing the meeting, which was attended by LCCI President Kashif Anwar, as well as prominent figures from the business community and Interim Punjab Chief Minister Mohsin Naqvi.

During the meeting, General Munir underscored the crucial role of the Special Investment Facilitation Council (SIFC) in attracting substantial investments, potentially reaching $100 billion from countries like Saudi Arabia, the UAE, Kuwait, and others.

To strengthen economic decision-making, General Munir announced the formation of task forces dedicated to economic matters and various sectors.

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