Dr Shah said that besides this, the government was also engaged in a very important process of simplifying tax laws and tax procedures.
He pointed out that the present tax laws and tax procedures are very complicated, and added that the government was making efforts to simplify them with the guidance of private sector.
He said that the government is trying to achieve two very important targets, including sustainable growth and improving quality of life.
The Prime Minister's adviser said that the government was making efforts to achieve the target of reducing poverty by half by 2015.
He said that the government was going to increase he allocation for education from 2 percent to 4 percent, doubling the expenditure on health.
Shah said that the government was going to launch Rs 1 billion Khushal Pakistan scheme soon, which would help improve the quality of life of the people. He said that under this scheme funds could be utilised for development of roads, providing clean drinking water etc.
Dr Shah said that Pakistan was moving to grab a major share of world market. He said that the country has prepared a strategy to increase productivity, improve quality of goods and reduce cost of production.
He pointed out that for this purpose the government wants to bring new technology and discover new markets for Pakistan's products.
He said that the government was also making efforts to reduce dependence on oil for power generation, and would be adopting ways to utilise gas, coal, and nuclear energy for power generation. "If we manage to reduce all this, we will reduce power cost by 15 percent. Negotiations are under way with Iran, Qatar etc, for gas import through pipeline."
He said that besides this the government was also focusing on water sector and making efforts to improve water reservoirs, "which are in a very bad shape".
Tariq Sayeed, chairman of FPCCI standing committee on research and development, said that in developing countries like Pakistan the issue of sales tax has special significance. Pakistan's main issue is its economic growth, which of late is showing some improvement but a lot needs to be done to sustain this high growth rate. Welcoming the guests, FPCCI Vice President Akbar Abdullah said that no book was available anywhere in Pakistan, which could comprehensively guide the tax-payers, either about the rules for paying taxes or their rights.