LAHORE – Finance Minister Asad Umar has assured to fully facilitate thebusinesses and investors to bolster the country’s exports.
Addressing a ceremony of Federation of Pakistan Chambers of Commerce andIndustry in Lahore on Monday, he assured that a simplified procedure of taxreturns for individuals and entrepreneurs will be introduced in the currentyear.
He said we will also recognize the top taxpayers and a ceremony in thisregard to be chaired by the prime minister will be held to encourage thepeople to come in the tax net.
Asad Umar said the industrial sector has an important role in the economyand steps are being taken to address their problems including thoserelating to energy.
He said there is need of reforms in the energy sector. Net metering systemhas been introduced in the federal capital and it will be replicated inother parts of the country as well.
Asad Umar said special economic zones will be set up under themulti-billion dollars China-Pakistan Economic Corridor project.
He said the Economic Coordination Committee at its meeting on 5th of nextmonth will deliberate upon early operationalization of these zones.
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Addressing a ceremony of Lahore Chamber of Commerce and Industry, in Lahoretoday, Finance Minister Asad Umar said our target is that the country’seconomy grow by seven percent on sustainable basis.
He said this target can be achieved by encouraging savings and investmentsin different sectors of the economy.
The Finance Minister said the economic reforms package unveiled by thegovernment on 23th of this month has been appreciated by the businesscommunity. He said this reforms package is just a beginning and more willbe done to encourage exports and facilitate the businesses.
Asad Umar said promissory notes are being introduced to address theliquidity issue of the businesses.
The Finance Minister said the government is also focusing on thedevelopment of IT sector and a reforms package will also be given to the ITrelated industry.
