Being a premier representative organization of Pakistani enterprises, Pakistan Business Council strongly put its weight towards progressive taxation in the country. In the past, PBC has been advocating multi-tiered tax structure with exemptions only extended to a few essential commodities.
Support of RGST also yields strength to other initiatives of PBC, viz. documentation of the economy, increasing of the tax base and reducing government deficits. In current situation, Pakistan’s competitive index ranking is facing dire need for tax and policy reform so as to attract sizeable FDI and technology transfer. RGST is unquestionably only an initiation towards Pakistan’s long march towards progressive taxation and global competitiveness.