Faisalabad, February 8, 2025 – The Faisalabad Chamber of Commerce and Industry (FCCI) has reiterated its call for reducing tax rates to attract both local and foreign investment, emphasizing that a lower tax burden is crucial for economic growth and development.
FCCI President Rehan Naseem Bharara stressed that lowering tax rates would not only encourage investment but also accelerate socioeconomic activities by fostering industrial growth. He pointed out that increased investment would create more job opportunities, alleviate poverty, and facilitate public welfare projects, thereby contributing to overall national progress.
Addressing a delegation of under-training officers from the Pakistan Provincial Services Academy (PPSA) Peshawar during a meeting, the FCCI president welcomed the visitors and highlighted the significance of their visit. He noted that such interactions enable public servants to enhance their professional expertise, helping them efficiently navigate administrative and economic challenges.
During the discussion, Bharara elaborated on the pivotal role of FCCI in industrial development, underscoring the necessity of public-private collaboration to overcome challenges and capitalize on opportunities for economic expansion. He also answered various questions posed by the officers, offering insights into policy measures and strategies that could enhance Pakistan’s industrial landscape. Encouraging them to serve with dedication, he emphasized sincerity, commitment, and integrity as key attributes for nation-building.
The FCCI president reaffirmed that a stable and business-friendly tax environment is indispensable for attracting investors, as excessive taxation discourages entrepreneurship and economic participation. He stressed that FCCI remains committed to advocating for tax reforms that align with global best practices, ensuring a more conducive environment for businesses to thrive.
Abdul Sattar, Chief Instructor at PPSA, provided a detailed overview of the study tour’s objectives, highlighting its importance in bridging the gap between government institutions and industrial stakeholders. He appreciated FCCI’s efforts in fostering industrial progress and economic stability.
At the conclusion of the meeting, FCCI President Rehan Naseem Bharara and Abdul Sattar exchanged shields as a gesture of goodwill and collaboration between their respective organizations. FCCI reaffirmed its commitment to working alongside policymakers to create a robust economic framework that benefits all stakeholders.