Islamabad, the 3rd August, 2016: 36th meeting of the Standing Committee on Finance, Revenue, Economic Affairs, Statistics and Privatization of the National Assembly was held today, the 3rd August, 2016, at 02:00 p.m., in Committee Room No. 7, Parliament House, Islamabad, under the Chairmanship of Mr. Qaiser Ahmad Sheikh, MNA, on the following agenda:-

i)              Confirmation of minutes of last meeting held on 15-06-2016.

ii)            “The Benami Transaction (Prohibition) Act, 2016” (Government Bill)

iii)          Briefing by the Chairman, FBR regarding Tax imposition and its implementations on real estate transactions in light of the amendments made in the Finance Bill, 2016-17 (but not relates to capital gain tax).

The Committee approved / confirmed the minutes of last meeting held on 15th June, 2016. The Committee members have shown their displeasure on the absence of senior representative from Ministry of Finance, Revenue & Federal Board of Revenue (FBR). The Committee decided to defer the agenda item (ii & iii), above for its next meeting.

Meeting was attended by Rana Shamim Ahmed Khan, Mr. Muhammad Pervaiz Malik, Sardar Muhammad Jaffar khan Leghari, Ms. Shaza Fatima Khawaja and Syed Naveed Qamar, MNAs.