Govern­ment try­ing to work out sta­ble poli­cies for the growth: Aysha Pasha

The Pak Banker - - NATIONAL - Ja­hangir Hayat

Pun­jab Fi­nance Min­is­ter Dr Aysha Pasha said that the govern­ment evolved bal­anced and sta­ble poli­cies for the growth of the prov­ince while al­lo­ca­tions of re­sources for education, health and south Pun­jab de­vel­op­ment will fur­ther in­crease in the forth­com­ing fis­cal bud­get. The govern­ment has also planned to ex­pand am­bit of the GST on ser­vices and in­clude the med­i­cal doc­tors and oth­ers in the tax net from next year and au­to­mate the sales tax col­lec­tion mech­a­nism. in th­ese days 57 sec­tors in sales tax net. She was ad­dress­ing the La­hore Eco­nomic Jour­nal­ist As­so­ci­a­tion (LEJA) mem­bers here at La­hore Cham­ber of Com­merce and In­dus­try (LCCI) on Thurs­day. The Pres­i­dent LEJA Sud­hir Ch, Vice Pres­i­dent LCCI Nasir Saeed was also there. The Pres­i­dent LEJA Sud­hir Ch in his wel­come note ap­pre­ci­ated the Pun­jab govern­ment which first time made an econ­o­mist as fi­nance min­is­ter of the prov­ince as a re­sult bet­ter eco­nomic man­age­ment is wit­nessed.

The min­is­ter said that rev­enue col­lec­tions in the first half of the on­go­ing fis­cal year has in­creased by 31 per­cent while the Pun­jab govern­ment grad­u­ally in­creas­ing its rev­enue gen­er­a­tion in or­der to re­duce the de­pen­dence on the fed­eral govern­ment. Dr Aysha said that Rs 160 bil­lion loan from Chi­nese Exim Bank will trans­fer to Pun­jab govern­ment in the com­ing days while no loan in any other head has taken for Or­ange Train Pro­ject while pri­or­ity spend­ing amount will ap­prove by the Pun­jab as­sem­bly through sup­ple­men­tary grants.

She said the Pun­jab govern­ment is pro­vid­ing Rs 23 bil­lion food sub­sidy which is also ben­e­fit­ing the rich peo­ple. Now the govern­ment has planned to give tar­geted sub­sidy which will only cater the real needy peo­ple. The min­is­ter claimed that the in­fla­tion rate was de­clined by 4 and half per­cent af­ter re­duc­tion in pe­tro­leum prod­ucts prices. On a ques­tion, she said the debt bur­den on Pun­jab is Rs 421 bil­lion while the govern­ment is sup­port­ing the Bank of Pun­jab in var­i­ous is­sues. She said that the govern­ment is work­ing for au­to­ma­tion of sale tax col­lec­tion which will in­crease rev­enue gen­er­a­tion and cre­ate trans­parency in the sys­tem. She cleared that the Pun­jab Rev­enue Au­thor­ity will not bur­den the poor.

The min­is­ter claimed overcoming the en­ergy cri­sis and be­lieved that if mega wa­ter reser­voirs will not built than wa­ter cri­sis is around the cor­ner. Dr Ayhsa said that the US barred Pun­jab from Coal Power Plants but the govern­ment has as­sured that the mod­ern tech­nol­ogy plants are be­ing es­tab­lished which are en­vi­ron­ment friendly while the govern­ment fo­cus­ing on al­ter­nate en­ergy sources. She said the 50 per­cent of the Pun­jab pop­u­la­tion is below than 25 years ago for which the govern­ment was do­ing the best ef­forts to en­sure bet­ter education and health fa­cil­i­ties and mar­ket need based vo­ca­tional train­ing and tech­ni­cal education.

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