Times of Islamabad

Pakistan has decided to set economic diplomacy initiative

Pakistan has decided to set economic diplomacy initiative

ISLAMABAD – Finance Minister Asad Umar says government will focus oneconomic priorities while formulating the foreign policy.

Addressing a ceremony of Federation of Pakistan Chambers of Commerce andIndustry in Karachi on Saturday, he said the government has decided to seteconomic diplomacy initiative to reap maximum benefits in its relationswith other countries.

Asad Umar said the government is well aware of current economic conditionsand is trying to maneuver in a sagacious manner.

He said government has set a target of increasing revenues and for thispurpose FBR is being reactivated. He said a new mechanism is also beingevolved for tax refunding to facilitate the businesses. He said FBR intendsto raise its own force.