Centre, provinces for harmonisation of GST under umbrella of NTC.

ISLAMABAD -- The federal and provincial governments on Monday extended their consensus to proceed ahead in the spirit of greater national interest for harmonisation of GST under the umbrella of National Tax Council (NTC), which would pave way for getting loan from World Bank.

Federal Minister for Finance and Revenue Senator Mohammad Ishaq Dar chaired a meeting of National Tax Council at Finance Division. The meeting reviewed the progress on the decisions of the last meetings of the NTC on harmonization of GST across the country. The finance minister shared that in order to have ease of doing business, harmonization of GST is important. Further, GST harmonization will be a major step towards completion of policy actions under World Bank's RISE programe.

The participants shared their opinions on the harmonization of GST. 'Chairman FBR and provincial stakeholders extended their consensus to proceed ahead in the spirit of greater national interest for harmonization of GST under the umbrella of National Tax Council (NTC),' read a statement issued by the finance ministry after the meeting.

In conclusion, Finance...