The President of the Islamabad Chamber of Commerce and Industry (ICCI), Mian Shaukat Masud, has urged Pakistan's government to consider reducing some of the country's business-related taxes in a bid to stimulate growth.
Speaking on the ICCI's website, Mr Masud suggested that, in order to stimulate further economic growth, the government should consider two main options - cutting taxes on raw materials and removing the tariffs levied on exports.
Pakistan currently has a very low tax-to-GDP ratio, with disproportionately high sales and customs taxes, according to the ICCI President, who notes that nearly 50% of all tax revenues in 2007 were collected from the sales tax system, as compared to 10% in neighbouring India.
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