Karachi :
Federal Finance Minister Shaukat Tareen has said that Pakistani people are the best nation in the world, now we have the data, everyone will have to pay taxes, we have made the rules thoughtfully, we have taken notice of the complaints of traders. You have to get out of the MF program, you can’t ask for loans from institutions again and again.
Addressing the inauguration ceremony of the Successful Youth Program Center at Karachi Chamber of Commerce, he said that we want economic growth for all. We want the International Monetary Fund (IMF) program to be spared There should be no need to resort to the IMF program on a daily basis or to seek loans from other countries.
He said that the data of the account holders has been received and now they will be taxed by showing their income. Under this, we will provide loans of Rs. 1400 billion, provide cheap loans to the people for health cards, farmers, home business, SMEs and construction.
The Federal Minister said that the federal government is bearing the burden of Rs. 22 to 24 billion per month on the people due to tax exemption on petroleum products. The FBR’s raids against traders will be taken note of, and it has been directed that traders should not be harassed unnecessarily.
He said that out of 38 million in income tax only 2 lakh people are paying tax but now income data has been collected. He said that the volume of retail business of 16 thousand billion is undocumented, only 4 thousand billion. The retail business of is on record while the point of sale system should be applied to the volume of business.
The Federal Minister said that raids and fines against traders are not valid. The FBR will eradicate this culture. For economic growth and stability, it is necessary to focus on agriculture, IT, construction, trade and economic growth. Five percent will remain.
He said that the visit of the Prime Minister to China has been a successful one so far. During his visit to China, the Prime Minister requested the Chinese leadership to invest in the China Special Economic Zone. He said that the United States, Germany and the United Kingdom are also worried about the challenges facing the economy. He said that attention should be paid to agriculture, IT, housing and trade. Are
The Finance Minister said that the Successful Youth Program is a huge program for the support of youth, which is being launched across Pakistan from February 16 this month. He said that Rs. 1400 billion has been set aside for this program and annually through this program. 120 billion will be given. He said that successful Pakistan programs have been brought for Balochistan. Loans will be given for agriculture and business in Balochistan.
