KARACHI: ICMA Pakistan is organizing a high-profile pre-budget seminar in Faisalabad on April 15, 2015 where renowned personalities from the government and private sector, including tax experts and professionals, have been invited to share their proposals and perspectives on forthcoming federal budget to be announced in May this year.
The selection of Faisalabad for holding this seminar is quite purposeful with the objective to highlight and project the significance of this second largest industrial city of Pakistan, contributing around US$ 45 billion to national GDP, which unfortunately is experiencing acute gas and power shortages for last several years that has almost crippled the manufacturing base, especially the textile sector.
One of the highly professional executive hailing from Faisalabad, Mohammad Iqbal Ghori, now happens to be the Vice President of ICMAP by virtue of his qualification as management accountant. In view of his vast experience and insight on core issues faced by exporters and industrialists, Iqbal Ghori planned to assemble policy makers, economists, professionals and business leaders in Faisalabad to discuss and come up with pragmatic solutions to the challenges faced by the industry in Faisalabad in particular and the country, in general.
ICMA Pakistan will also launch its Pre-budget proposals booklet on this occasion which would be submitted to the government for consideration. Few of the imminent speakers at the seminar are Mohammad Adrees, President FPCCI, Mohammad Ashraf Khan, Member Inland Revenue FBR, Saeed Ahmed, Deputy Governor SBP and Dr. Ishrat Hussain, former Governor SBP and Director IBA Karachi.
The seminar is expected to be participated by heads of different industry Associations and CEOs and Directors of Faisalabad-based leading manufacturers and exporters representing textile, leather, tanning, sports goods companies. The seminar would generate pragmatic ideas with regard to generating tax revenue for the government and provide insights on economic considerations that need to be considered before setting revenue targets for next year.