Pakistan Finance Minister Shamshad Akhtar has mentioned today that the goalfor the current fiscal year is to obtain 11 billion dollars from donors andfriendly countries, and negotiations are underway with China and SaudiArabia upon reaching this 11 billion dollar target.
It is expected to receive money from World Bank program, with 11 billiondollars to be acquired from friendly countries and donors. A request foroil has also been made to Saudi Arabia in lieu of delayed payments.External investment is coming in through the IMF, and measures are beingtaken to bring agriculture, retail sector, and real estate into the taxnet.
The state of national loans is extremely precarious, and the main reasonfor inflation is the depreciation of the rupee. No one will be allowed toengage in illegal activities in the currency market, and all unlicensedexchange companies will be closed.
We are still providing subsidies of 1 trillion rupees on electricity andgas? Inflation has decreased due to the responsible government’s actions,and a major reason for inflation is structural imbalance.
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On the other hand, the Federal Board of Revenue (FBR) has decided not toextend the tax return filing deadline for taxpayers. The last date to fileincome tax returns is September 30, and so far, more than 1.7 millionindividuals have filed tax returns. It is possible to exceed 2 million taxreturn filers by September 30, and the concerned commissioner can befacilitated by submitting a previous request. An additional 15 days can begiven for taxpayers to submit their requests.
