ISLAMABAD – PTI leader Asad Umar says the new government plans to decreasetaxes on energy supply factories and agriculture to make businesses morecompetitive with regional countries.
In an interview with an international news service, Bloomberg, he said themove will help cover up the lost revenue by introducing a wealth tax.
Assad Umar said Pakistan could turn to the International Monetary Fund,friendly countries and issue diaspora bonds to bolster the country’sdepleting reserves.
He said his party has not yet spoken to any potential lenders because noformal work can be started until the government is formed.
PTI leader said the new government will bring more transparency to morethan 60 billion dollar Belt and Road infrastructure projects in Pakistan.
He said within the first 100 days of the new administration, thestate-owned firms will be shifted into a wealth fund similar to Singapore’sTemasek Holdings Pvt. to remove them from political interference.