One of the biggest challenges faced by the country remains govt.’s inability to establish a lucrative tax base. This has been noted in a report “Ease of Dong Business 2020 Need for Maintaining An Upward Trajectory” of KCCI’s Research & Development Department. The progress has been alarmingly sluggish as only 2.5Mn people filed their returns in TY18. Time taken to start a business can be reduced by around 7 days by simply premising businesses to use their NTN instead of having to register for an STN separately. Time and costs related to acquiring construction permits should be reduced, particularly in Karachi where 16 procedures take 134 days to complete. On the other hand, 19 procedures take 108 days to complete in Lahore where it is cheaper as well.
11/02/2020