4th meeting of the Standing Committee on Finance and Revenue was held today, in the Committee Room 2, Parliament House, Islamabad, under the Chairmanship of Hon. *Syed Naveed Qamar,* MNA/Chair
 
 
The Chairman Federal Board of Revenue (FBR) presented an overview of the Revenue Collections, FBR efforts to raise revenue, in-direct and direct taxes showing advanced IT, and pre-deducted taxes. He presented a breakdown of revenue growth factors, including inflation, economic growth, and additional taxation measures.

The Committee discussed the issues of income tax and its impact on the economy and expressed concern about the tax effort and the increasing percentage of taxes. The conversation also touched upon the practice of withholding taxes and the impact of taxes on different sectors such as power companies, real estate, property market, remittances, and floor mills. The Committee emphasized the need for transparency and accountability in the department. The Chairman FBR replied to a number of questions / queries of the Chair and Members of the Committee.

The meeting was attended by Mr. Omar Ayub Khan, Mr. Bilal Azhar Kayani (on Zoom), Rana Iradat Sharif Khan, Mr. Waseem Qadir, Mr. Kesoo Mal Kheal Das, Dr. Mirza Ikhtiar Baig, Dr. Nafisa Shah, Mr. Arshad Abdullah Vohra, Mr. Muhammad Mobeen Arif (on Zoom), Mr. Usama Ali Mela, Mr. Muhammad Ali Sarfraz, and Ms. Shahida Begum, MNAs. The meeting was also attended by Chairman FBR, Additional Secretary Finance aling with senior officers of the Ministry of Finance and Revenue.