Govt finalizes strategy to get mini-budget approved
Business
Govt finalizes strategy to get mini-budget approved
ISLAMABAD (Dunya News) – The federal government of Pakistan has developed final strategy to get the mini-budget approved.
According to details, the federal government has invited all members of National Assembly in Islamabad for the approval of Finance Supplementary Bill (Mini-budget).
The Prime Minster (PM) of Pakistan Imran Khan will also be present in the house. All the members have been advised to reach the parliamentary house at 2pm.
The government will pay heed to the opposition’s possible protest. The Chief Ministers of Khyber Pakhtunkhwa and Punjab will also attend the session while separate dinners will be provided to both the CM which will also be attended by the respective members of assembly.
Earlier on Tuesday, Prime Minister Imran Khan had said that Pakistan has lowest tax revenue in the world and everyone including the Federal Board of Revenue (FBR) is involved in not promoting tax culture in the country.
Addressing a ceremony in Islamabad, he said that Pakistan cannot prosper by selling vegetables and the mini-budget won’t affect the common man.
The prime minister said that his government would provide land on lease to investors wanted to set up industry, adding that government has decided to lease govt land for industry.
Imran Khan said the government has adopted effective and strong strategy to make economy stable and meet global pandemic at a time. He said Pakistan has dealt COVID19 with integrated policy protecting economy and human lives.
The PM said inflation has hit entire world hard and government is trying to protect our citizens from adverse effect of this menace.
He said exports, foreign remittances and tax collection are increasing significantly as these areas are on the top priority of the government.
"Government has received 32 billion dollars foreign remittances and 31 billion dollars have been witnessed in export sector," he said and added the Federal Board of Revenue has made tax collection of Rs 6000 billion during current fiscal year.
Imran Khan said: "IT exports are at 3.5 billion rupees with increase of 70 percent while agriculture has received income of Rs 1100 billion, adding that due to an integrated strategy of the government, construction sector is also witnessing record development.
"Tax culture in the country should be promoted to increase tax revenue," he said adding that the government has also introduced health insurance for every family in country up to Rs 1 million.
Imran Khan said promotion of business activities and creating decent business opportunities in the country is our priority and the government will provide all possible facilities to establish industrial zones in the country.
The premier went on to say that said government is committed to ensure rule of law in the country despite that some elements are creating hurdles in this regard.
Emphasizing the need to eliminate corruption from the country, he said a corruption free Pakistan is our mission and we will continue fight against corrupt elements and practices.
PM Imran said due effective strategy of government, the corporate sector has witnessed a profit of 930 billion rupees while 1138 billion rupees investments have been made in private sector during last 10 years.
