PAKISTAN TO BECOME SIGNATORY TO OECD BY AUGUST

[Zaneesh852]

Mian Arshad

Islamabad—Pakistan likely to win the status of signatory of membership of Organization for Economic Co-Operation and Development (OECD) by August this year. After becoming member, Pakistan will have access to tax evaders in almost 34 members of the international organization. Furthermore, it will enhance revenue collection efficiency of Federal Board of Revenue (FBR) as well as empower tax authority to carry out operation against tax evaders on member countries.
OECD is international organization is to promote policies that will improve the economic and social well-being of people around the world. Representatives of the 34- OECD member countries meet in specialised committees to advance ideas and review progress in specific policy areas, such as tax, economics, trade, science, employment, education or financial markets. A well placed source at Finance Ministry told Pakistan Observer here on Thursday that Pakistan applied for the OECD membership in 2014 and it had successfully met two reviews and assessments so far.
“OECD’s assessors held detailed meetings with FBR, State Bank of Pakistan and Finance Ministry in March this year and were quite satisfied about the progress made by Pakistan to meet the required criterions” the source added. The source said that Pakistan had met almost all the requirements of the OECD. OECD presented ten points before Pakistani negotiators and Pakistan had complied six fully and two points partially and reported back to OECD.
http://pakobserver.net/2016/05/27/pakistan-to-become-signatory-to-oecd-by-august/

 

[farhan_9909]

I was always surprised why Pakistan wasn't part of OECD.

 

[PAKISTANFOREVER]

Mian Arshad

Islamabad—Pakistan likely to win the status of signatory of membership of Organization for Economic Co-Operation and Development (OECD) by August this year. After becoming member, Pakistan will have access to tax evaders in almost 34 members of the international organization. Furthermore, it will enhance revenue collection efficiency of Federal Board of Revenue (FBR) as well as empower tax authority to carry out operation against tax evaders on member countries.
OECD is international organization is to promote policies that will improve the economic and social well-being of people around the world. Representatives of the 34- OECD member countries meet in specialised committees to advance ideas and review progress in specific policy areas, such as tax, economics, trade, science, employment, education or financial markets. A well placed source at Finance Ministry told Pakistan Observer here on Thursday that Pakistan applied for the OECD membership in 2014 and it had successfully met two reviews and assessments so far.
“OECD’s assessors held detailed meetings with FBR, State Bank of Pakistan and Finance Ministry in March this year and were quite satisfied about the progress made by Pakistan to meet the required criterions” the source added. The source said that Pakistan had met almost all the requirements of the OECD. OECD presented ten points before Pakistani negotiators and Pakistan had complied six fully and two points partially and reported back to OECD.
http://pakobserver.net/2016/05/27/pakistan-to-become-signatory-to-oecd-by-august/

About time too

 

[Hell hound]

seems like gop is cracking hard on the tax evader for the first time in past 70 years

 

[Imad.Khan]

seems like gop is cracking hard on the tax evader for the first time in past 70 years

Well all the big tax evaders are in the parliaments or are friends/relatives of people in the parliaments

 

[Hell hound]

Well all the big tax evaders are in the parliaments or are friends/relatives of people in the parliaments

still this doesn't mean we should stop pursuing everyone who is evading tax. theoretically everyone should pay the taxes from a pan wala to the prime minster but practically general public has to be the first because only after paying the tax we will be able held them accountable. because a thief can't catch a thief

 

[Imad.Khan]

still this doesn't mean we should stop pursuing everyone who is evading tax. theoretically everyone should pay the taxes from a pan wala to the prime minster but practically general public has to be the first because only after paying the tax we will be able held them accountable. because a thief can't catch a thief

So how are the govt officials that themselves don't pay taxes expect the general public to pay taxes

 

[Solomon2]

I dunno about this. The OECD requires gathering and sharing a lot of domestic information with others and is a culture of mutual and self-criticism: "We dare to challenge conventional wisdom starting with our own." Do these values strike members here as compatible with Pakistanis' character?

 

[Kambojaric]

I dunno about this. The OECD requires gathering and sharing a lot of domestic information with others and is a culture of mutual and self-criticism: "We dare to challenge conventional wisdom starting with our own." Do these values strike members here as compatible with Pakistanis' character?

Mate thats all Pakistanis do lol. No other country criticises its pm as much as Pakistanis do.

 

[Ahmed_Vohra]

Pakistan isn't even accession candicate country? I thought they will the membership first and then Enhanced Engagement Countries?

I don't trust this source of news.

 

[BetterPakistan]

WOw

This is good. Wanna see Pak as part of G-20 before 2030.