Photo: Collected
Economic Advisor Salehuddin Ahmed emphasized the necessity of increasing the tax-to-GDP ratio, stating, "We need significant funds for our needs. We can't keep relying solely on borrowing."
Ahmed made these remarks during a visit to the National Board of Revenue (NBR) in Agargaon on Tuesday afternoon (August 27). Following his meeting with top NBR officials, he also spoke to journalists.
Highlighting the role of the NBR in the country's industrial and commercial development, the former governor said, "Revenue collection is NBR's responsibility, but it must be maximized and done systematically, ensuring that people do not face any hardships."
He added, "There are issues within the private sector. We need to expedite the release of their goods at ports, and ensure timely completion of documents like bills of lading and bills of entry. If necessary documents are missing, they should be requested, but there should be no unnecessary obstacles from the government."
When asked about the continuation of the provision to whiten black money, Salehuddin Ahmed refrained from commenting but mentioned, "A holistic approach will be adopted for NBR reforms this time."
Regarding the US Treasury Department's offer to assist NBR, the Economic Advisor remarked, "We are considering it. On the other hand, the British Ambassador has proposed reforms for the foreign exchange market. We will consult with local experts. If we have the necessary expertise, why look elsewhere?"
The meeting was attended by the new NBR Chairman, Md. Abdur Rahman Khan, and other senior officials of the organization.
Messenger/Shahed
