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NO MORE TAXES ON SALARIED EMPLOYEES | 23RD MAY 2021

 

NO MORE TAXES ON SALARIED EMPLOYEES | 23RD MAY 2021
Source: cfr.org

NO MORE TAXES ON SALARIED EMPLOYEES | 23RD MAY 2021

IMF's tough stance, FATF will be removed from the gray list next month. Talks will be held with the IMF to extend it further. Until the Federal Board of Revenue (FBR) revenues increase, there will be difficulties. The NFC award targets have not been met. The federal government and the provinces will have to work together to review it by consensus. Targeted subsidies will be introduced from next year; revolving credit will be gradually reduced.










Electricity tariffs will not be increased; the budget will depend on the people. We will not impose any burden. We will give concessions in the budget for the next financial year. Revenue will be increased by Rs. 1 trillion. If the government remains indebted, the fiscal deficit will not be reduced. Imran Khan is going to make great strides. They will come up with a big plan. In a media briefing on Sunday.

Shaukat Tareen said that according to the economic statistics of the current financial year, Pakistan's economic growth rate is 3. An increase of 94% has been made but unsuccessful attempts have been made to make it controversial while the facts are the opposite as the agency is working under the Planning Commission and these figures belong to the Planning Commission and not to the Ministry of Finance.

Talking about the economic situation of the country and the achievements made in this regard at Zoom, the Federal Minister of Finance said that this time the conditions of IM were also stricter as compared to 2008 but economic stability was necessary for the country. The Finance Minister said that several short-term projects are being worked on to develop and promote the agriculture sector.

This time the IMF has taken a tough stance with Pakistan and Code-19 has also affected the country's economy. The government is working on long and short-term projects in 12 different sectors of the national economy. Rising prices around the world have led to higher food inflation in Pakistan, but we are against illegal profiteering. Measures and an increase in national agricultural production will bring down prices.

"We are making big changes in the economy," he said. Working on agriculture, industry, and exports. We want to give every man our home. Farmers will have to be given loans to increase agricultural production. Finance Minister Shaukat Tareen said that efforts are being made to reduce revolving credit. He said that comprehensive programs are also being brought to increase revenue, reducing the fiscal deficit and private sector. Will increase the provision of loans.

He said that the savings of each area would be spent in that area which would ensure equitable development. Tareen said that revolving credit is being sought to reduce debt. It is also coming up with comprehensive programs to increase revenue, which will reduce the fiscal deficit and increase the supply of credit to the private sector. He said that the savings of each area would be spent in that area which would ensure equitable development. Tareen said that revolving credit is being sought to reduce debt. It is also coming up with comprehensive programs to increase revenue, which will reduce the fiscal deficit and increase the supply of credit to the private sector. He said that the savings of each area would be spent in that area which would ensure equitable development.

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