ISLAMABAD: Finance Minister Miftah Ismail said on Friday that the world isn’t even giving us money anymore, the Bol news channel reported.
In a statement, Miftah Ismail said: “We have to think about the sustainable development of the country. Debt is necessary to reduce the budget deficit. People care when we put in a super tax.
He said sales collection tax was sufficient, everyone was in the tax net. The Ministry of Finance had suggested imposing 3,000 rupees on traders, he said.
He said it is no secret that the country is lagging behind, so it is imperative that we collect taxes in the country. “We need to increase the country’s exports,” he said.
The finance minister said they had done their part, and now the International Monetary Fund (IMF) would do theirs too. “Let’s hope that the economy will go towards growth,” he said.
Earlier, at a ceremony at the Pakistan Stock Exchange in Karachi on Friday, Finance Minister Miftah Ismail said economic indicators were now positive due to cautious decisions taken by the government.
“Steps are being taken to control imports and increase exports to stabilize the economy,” he said.
The finance minister said the current government had paid a high price for the bad policies of the previous government. He said the government had no choice but to withdraw oil and electricity subsidies.
Miftah said further steps have been taken to broaden the tax base to stabilize the national economy. He said the rupee was now gaining its value after the positive response from the IMF for the revival of the lending program.
On August 2, Federal Finance and Revenue Minister Miftah Ismail said reviews were underway to resolve issues related to the imposition of a tax on electricity bills, property and property tax. sale.
He had said this while addressing a delegation from the Mardan Chamber of Small Traders and Small Industry (CSTSI), led by its Chairman, Muhammad Fayyaz Khan and Chairman Markazi Tanzeem-e-Tajraan Khyber Pakhtunkhwa. Sharafat Ali Mubarak, a press release issued by the Ministry of Finance had said.
The prime minister’s coordinator for trade and industry, Rana Ihsan Afzal, and other senior officials also attended the meeting, he added.
The members of the delegation shared with the Minister of Finance the problems faced by Mardan CSTSI, in particular those related to the imposition of a tax on electricity bills, property taxes and sales tax.