Mini-bud­get to be pre­sented on Jan 23

Tax anom­alies will be re­moved in the mini-bud­get, says finance min­is­ter

Daily Messenger - - Front Page - Staff Re­porter

KARACHI: Finance Min­is­ter Asad Umar on Satur­day an­nounced that the gov­ern­ment will present the mini-bud­get on Jan­uary 23.

Them­ini-bud­get was ini­tially set to be pre­sented on Jan­uary 21 but was de­layed as Prime Min­is­ter Im­ran Khan will be trav­el­ling, Umar said dur­ing a meet­ing with in­dus­tri­al­ists at Karachi Cham­ber of Com­merce.

"Tax anom­alies will be re­moved in the mini-bud­get," the finance min­is­ter said. "Any changes in tax pol­icy will be made af­ter ap­proval from the Par­lia­ment," he added.

Umar fur­ther said, "Pow­ers of Fed­eral Board of Rev­enue's (FBR) statu­tory reg­u­la­tory or­ders (SROs) have been with­drawn."

Dur­ing the meet­ing, in­dus­tri­al­ists ex­pressed reser­va­tions over pow­ers given to low cadre FBR of­fi­cers.

Speak­ing to the me­dia af­ter his meet­ing, Umar said, “In the 21st Cen­tury, pri­vate sec­tor runs the econ­omy, thus, we have to pri­ori­tise our de­ci­sions.”

“Till we don’t cre­ate a favourable en­vi­ron­ment for pri­vate in­vestors, they will not in­vest af­ter a cer­tain limit no mat­ter how pa­tri­otic they are,” he added.

The finance min­is­ter con­tin­ued, “Pakistan Tehreek-e-In­saf (PTI) is the only po­lit­i­cal party which men­tions ease of do­ing busi­ness in its man­i­festo. Ev­ery month a meet­ing is sum­moned and chaired by Prime Min­is­ter Im­ran Khan to dis­cuss ease of do­ing busi­ness.”

“Sav­ings and in­vest­ment are at their low­est in the coun­try. This is why in the mini-bud­get we will take mea­sures to lower con­sump­tion and in­crease in­vest­ment,” he stated. “The Finance Bill to be tabled on Jan­uary 23 will high­light ben­e­fits of in­vest­ment and ease of do­ing busi­ness.”

KARACHI: Fed­eral Finance Min­is­ter, Asad Umar ad­dresses the mem­bers of Karachi Cham­ber of Com­merce and In­dus­tries dur­ing his visit to KCCI Head Of­fice.

Newspapers in English

Newspapers from Pakistan

© PressReader. All rights reserved.