Pakistan Forms Committee to Resolve Gilgit-Baltistan Tax Dispute

The Federal Board of Revenue (FBR) has taken a significant step towards resolving the tax issue in Gilgit-Baltistan by forming a seven-member committee. The committee, comprising of representatives from the FBR, Gilgit-Baltistan government, and other stakeholders, will work towards finding a solution to the long-standing tax dispute in the region. The tax issue has been a major point of contention between the federal government and the Gilgit-Baltistan government, with the latter arguing that the region is not liable to pay taxes to the federal government. The dispute has been ongoing for several years, causing uncertainty and hindering economic growth in the region. The formation of the committee is seen as a positive step towards resolving the issue and promoting economic development in Gilgit-Baltistan. The committee will review the tax laws and regulations applicable to Gilgit-Baltistan and make recommendations for resolving the dispute. The FBR has stated that the committee will work in a transparent and fair manner, taking into account the interests of all stakeholders. The Gilgit-Baltistan government has welcomed the formation of the committee, expressing hope that it will help resolve the tax issue and promote economic growth in the region. The tax dispute has been a major challenge for the business community in Gilgit-Baltistan, with many businesses facing difficulties due to the uncertainty surrounding tax laws. The committee’s recommendations are expected to provide clarity and certainty to the business community, enabling them to make informed investment decisions. The resolution of the tax dispute is also expected to boost economic growth in the region, creating new opportunities for employment and investment. The FBR has stated that it is committed to resolving the tax issue in a fair and transparent manner, and that the committee’s recommendations will be implemented in a timely and effective manner. The formation of the committee is seen as a significant step towards promoting economic development in Gilgit-Baltistan, and is expected to have a positive impact on the region’s economy. The committee’s work is expected to be completed within a few months, and its recommendations are expected to be implemented soon after. The resolution of the tax dispute is expected to be a major boost to the economy of Gilgit-Baltistan, enabling the region to realize its full economic potential. The business community in Gilgit-Baltistan has expressed optimism about the committee’s work, stating that it will help resolve the tax issue and promote economic growth in the region. The committee’s formation is also seen as a positive step towards strengthening the relationship between the federal government and the Gilgit-Baltistan government. The FBR has stated that it will work closely with the Gilgit-Baltistan government to implement the committee’s recommendations, ensuring that the tax issue is resolved in a fair and transparent manner. The resolution of the tax dispute is expected to have a positive impact on the overall economy of Pakistan, promoting economic growth and stability in the region. The committee’s work is expected to be closely monitored by the business community and other stakeholders, who are eager to see the tax issue resolved and economic growth promoted in Gilgit-Baltistan. The formation of the committee is a significant step towards achieving this goal, and is expected to have a lasting impact on the economy of the region.

Source