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The National Accountability Bureau (NAB) has announced that it will not pursue cases pertaining to income tax or sales tax against members of the business community. Presiding over a meeting with a delegation of businessmen headed by Federation of Pakistan Chambers of Commerce and Industry President Daroo Khan Achakzai at NAB headquarters on Friday, Chairman NAB Javed Iqbal said the ongoing cases of income tax against businessmen will be sent to the Federal Board of Revenue (FBR) and notices recently issued to the owners of flour mills by its Multan office have been suspended with immediate effect, said NAB chairman Javed Iqbal in a statement issued on Friday.

"I will personally look into the matter. NAB is a people and business friendly institution and gives top priority to solving problems being faced by the business community," he said, and rubbished as "speculation" that NAB''s proceedings had created problems for the business community. "The business community is playing an important role in economic development. The prosperity of traders will lead to the prosperity of the country and NAB is playing its role while keeping this in mind," he said. He asserted that traders "who provide employment to thousands of people will not be harassed".

He further said that NAB "never humiliated anyone during interrogation". He told the delegation members that a special desk has been set up at NAB headquarters in order to "protect the interests of the business community". The accountability bureau has also been taking action against owners of private housing schemes, which looted people and escaped from the country after stealing billions of rupees, he added.

It may be noted that Iqbal''s statement come days after the federal cabinet decided to make some procedural changes in the working of NAB to provide a "fearless" environment for business activities and investment for the revival of the sagging economy.

On Tuesday, Special Assistant to the Prime Minister Firdous Ashiq Awan had said in a press conference that "in the light of complaints of the business community against NAB, the federal cabinet discussed how the practice of arm-twisting and threatening of businessmen by some NAB officials can be thwarted.

Copyright Business Recorder, 2019


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