ISLAMABAD: Federal Minister for Finance and Revenue Senator Muhammad Aurangzeb on Thursday met with the Executive Vice President Oceania and South Asia PARCO Mehmet Celepoglu.
Chief Executive Officer (CEO ) and Managing Director (MD) Total PARCO Asif Iqbal also accompanied the delegation, said a news release.
The minister appreciated the business plans of PARCO in Pakistan and thanked the delegation for their constructive feedback.
He highlighted the substantial increase in Pakistan’s foreign exchange reserves and underscored the ongoing support from multilateral institutions and the International Monetary Fund (IMF), which are expected to further stabilize the economic landscape.
Aurangzeb also highlighted the government’s efforts to enhance the tax-to-Gross Domestic Product (GDP) ratio and tax base to improve economic growth and fiscal discipline whereas reiterated investment facilitation processes of the government.
Mehmet Celepoglu expressed appreciation for the government of Pakistan for its robust macroeconomic performance, emphasizing its positive impact on the business environment.
He expressed gratitude for the government’s proactive measures significantly benefiting the industry.
The delegation requested facilitation regarding sales tax refunds and documentation procedures with the State Bank of Pakistan (SBP).