PM's fi­nance ad­viser aims to lower taxes and ex­tend tax net

The Pak Banker - - FRONT PAGE - -STAFF RE­PORT

IS­LAM­ABAD: Newly ap­pointed Ad­viser to the Prime Min­is­ter on Eco­nomic Af­fairs Dr Mif­tah Is­mail has said it is his first pri­or­ity to lower in­di­vid­ual taxes and ex­tend the tax net.

Is­mail was named ad­viser to the Prime Min­is­ter on Fi­nance, Rev­enue and Eco­nomic Af­fairs with the sta­tus of Fed­eral Min­is­ter by the Cab­i­net Di­vi­sion on Tues­day. The new min­is­ter told me­dia he will make it his pri­or­ity to re­fund the in­dus­trial sec­tor and doc­u­ment the econ­omy, along with low­er­ing in­di­vid­ual taxes and ex­tend­ing the tax net.

He said the cur­rent ac­count deficit has in­creased and the gov­ern­ment is try­ing to re­duce it dur­ing the on­go­ing year. But the eco­nomic sit­u­a­tion of the coun­try is much bet­ter as com­pared to the past when the PML-N came to power in 2013, he pointed out. Ex­ports are in­creas­ing and im­ports have de­creased from last five months due to con­crete steps taken by the gov­ern­ment, he said.

Is­mail posted on Twit­ter, "Al­though I will have stew­ard­ship of the Min­istry of Fi­nance for only 5 months, the prime min­is­ter has tasked me to help him im­ple­ment a very am­bi­tious agenda," re­fer­ring to gen­eral elec­tions due next year.

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