Now that we have the data, everyone will have to pay taxes. We have made the rules thoughtfully.
Karachi: Federal Minister for Finance Shaukat Tareen has said that Pakistan has to get out of IMF program. It cannot ask for loans from institutions again and again. There are highly skilled people in Pakistan. Pakistani people are the best nation in the world. Yes, everyone will have to pay taxes, we have made the rules thoughtfully, we have taken notice of the complaints of traders, we will redress them, out of 38 million, only 2 million households pay taxes.
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.
He said that under successful Pakistan we will provide loans of Rs. 1400 billion and provide cheap loans to the people for health cards, farmers, home business, SMEs and construction. But due to tax exemption, it is bearing the burden of Rs. 22 to 24 billion per month. Will go, and instructed that traders should not be unnecessarily harassed.
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 is on record while the point of sale system should be applied to the volume of business. Federal Minister said that raids and fines against traders are not valid. We have to focus on the sectors of T, construction, trade. By focusing on these sectors, the economic growth will be five percent.
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.
He said that with the current economic program of PTI, Pakistan's economy is moving in the right direction and this improvement is for all. Trade deficit has narrowed significantly and it is hoped that IT sector exports could reach ارب 50 billion in the next five years. No, it has happened all over the world. In response to a question, Finance Minister Shaukat Tareen said that if the Prime Minister is not satisfied with our performance then we will go home and what will we do.
