Mamnoon Hussain stresses need to promote tax culture

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Mamnoon Hussain stresses need to promote tax culture

QUETTA: President Mamnoon Hussain on Saturday stressed the need to promote tax culture for socio-economic development of the country.

Addressing an event here at Governor House, the President said that in 2013, total tax revenue of the country was Rs 1900 billion, while due to a number of tax reforms introduced by the government, volume of tax revenue generation had been expanded to Rs 3500 billion now.

He however, observed that there was huge potential to generate more revenues, if more people start paying their due taxes with honesty and implementation of numerous new development projects will be ensured to provide basic facilities to the people.

The event was attended by Governor Balochistan, Muhammad Khan Achakzai, Chief Minister Balochistan Mir Abdul Qudoos Bazinjo, Speaker Balochistan Assembly, Raheela Hameed Khan Durrani, members of Balochistan Assembly, local government members, high civil officials, and tribal elders.

Mamnoon Hussain said that the country's exports were less than imports and the overseas Pakistanis were playing their role in bridging the gap.

He said during tenure of previous government, despite taking loans of over Rs 7000 billion, no major development projects in education, health, and other sectors were initiated, however he said due to good governance of current government, the country's issues reduced gradually and now people were getting benefits of the major projects initiated by the current government.

He said with the completion of China-Pakistan Economic Corridor projects, Pakistan would become hub of the region.

He said Balochistan would get the maximum benefits of Gwadar Port as it would receive a huge income in term of corridor revenues.

The President said with the completion of 100 dams in Balochistan, the issue of water would be overcome in the province.APP/AFP