Budget 2021-22: Govt aims for Rs5.8 trillion tax
May 25, 2021
ISLAMABAD: The Prime Minister Imran Khan-led Pakistan Tehreek-e-Insaf (PTI) government has informed the International Monetary Fund (IMF) has set a Rs5.8-trillion tax target for the next fiscal year 2021-22, a local daily reported on Tuesday.
It has also informed the IMF that it plans to give 10% raise in salaries over and above a disparity allowance to government employees. The government also proposed to levy Rs350 billion worth of additional taxes in the budget including Rs81 billion measures that have already been implemented through a mini-budget. It has been learnt that the Rs350 billion worth of additional revenue measures are nearly half of what former finance minister Dr Abdul Hafeez Shaikh had agreed with the IMF in March this year. The government also pitched 5.2% economic growth rate target for the next fiscal year during first technical level interaction with the IMF staff, said finance ministry sources. Th
Govt firmly believes in a Pro-people Budget: Tarin
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Govt firmly believes in a Pro-people Budget: Tarin
ISLAMABAD (Dunya News) - Minister for Finance and Revenue Shaukat Tarin has said that the government firmly believes in a Pro-people Budget by following a consultative process with all stakeholders on board.
Chairing a consultative meeting with senior representatives of Pakistan Business Council, Pak-US Business Council and Overseas Investment Chamber of Commerce and Industry, the minister said that the underlying rationale is to achieve an all-inclusive sustainable economic growth by seeking valuable input from investors, traders and business community.
The Finance Minister underlined that Pakistan has witnessed V-shape recovery amid pandemic due to prudent policies of the Government.
Daily Times
May 3, 2021
Pak-US Business Council Sunday said a bipartisan bill moved in the US Senate on Friday to establish duty free export zones along Pak-Afghan border, will promise economic benefits to both countries and boost US efforts to promote peace in the region. Lauding the move in the US Senate, founder chairman Pak US Business Council and President SAARC chamber Iftikhar Ali Malik said the bill would establish Reconstruction Opportunity Zones ( ROZs) in Pakistan and Afghanistan’s border regions to allow certain products from these areas to enter the US duty free. He said bill would generate economic opportunities for the people of these war torn areas and lay the groundwork for a more stable region. He said ROZs would export textiles and apparel goods to the United States without paying duties.He said the US goods trade deficit with Pakistan , a 56th largest trade partner is $1.3 billion in 2019 while two way goods trade is $6.6 billion in same period which speaks of
US bill to clear way for duty-free export zones along Pak-Afghan border
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The bill would generate economic opportunities for the people of these war-torn areas
LAHORE (Dunya News) – The Pak-US Business Council has said that a bipartisan bill, moved in the US Senate on Friday, for establishment of duty-free export zones along the Pak-Afghan border, would provide economic benefits to both countries and boost US efforts to promote peace in the region.
Lauding the move, founder chairman of Pak-US Business Council and President SAARC Chambers of Commerce and Industry Iftikhar Ali Malik, told the media on Sunday that the bill would help establish reconstruction opportunity zones ( ROZs) in Pakistan and Afghanistan’s border regions.