The display of NTN is mandatory under rule 83 of the Income Tax Rules 2002 for a person who is drawing income from business chargeable to tax and one who has been issued with an NTN Card shall display his NTN at a conspicuous site at all places of business. The LCCI president said that Pakistan's economy was already facing serious challenges and is in dire need of finances to run its day to day affairs. He said that the government could generate sizeable revenue by taxing all such incomes that are presently out of tax net.
He said that the FBR's NTN display drive will help identify persons who are running businesses but are not paying due tax share to the national exchequer thus burdening existing taxpayers. Farooq Iftikhar said that the Lahore Chamber of Commerce and Industry has always supported documentation of the economy for the progress and prosperity of the country and this drive would go a long way in achieving much cherished goal.