Day: February 4, 2023

Planning Minister Ahsan Iqbal has stressed the need to broaden the tax net and develop a roadmap to end the culture of tax evasion in country.

Addressing a ceremony relating to country's economy in Lahore on Saturday, he stressed the need for devising a robust mechanism to reduce the unnecessary expenditures and enhance the tax revenue in order to provide strong base to country's economy.

Calling upon the need to end the circular debt of the country, the Minister termed increase in the exports as inevitable to rejuvenate the economy.

Ahsan Iqbal called upon the need to adopt viable Industrial policy and develop a value chain in order to make production of country useful.

Source: Radio Pakistan

Finance Minister Ishaq Dar has reacted strongly to a recent tweet of PTI Chairman Imran Khan against the government describing it irresponsible and designed only to damage the country's security situation and vitiare the political atmosphere.

In his tweets, the Finance Minister said Imran Khan destroyed Pakistan's economy from World's 24th largest to 47th in 2022. He said this speaks volume of bad governance, incompetence, unprecedented debt accumulation, mismanagement and corruption-led rule which caused high inflation and unbearable miseries for the people of Pakistan.

Ishaq Dar said Prime Minister Shehbaz Sharif invited the PTI Chairman as Leader of a political party for a national dialogue on security subject and National Action Plan which affects every Pakistani and Imran Khan's response in this uncouth and crass manner is shocking.

Source: Radio Pakistan

World Bank has praised Benazir Income Support Program as a successful model saying it could be implemented by other countries in the region and beyond.

During a meeting with Minister for Poverty Alleviation and Social Security Shazia Marri in Washington DC, Global Director for Social Protection and Jobs at the World Bank Michal Rutkowski was also appreciative of important role played by BISP and other institutions in Pakistan's swift, adaptive and resilient response during the devastating and unprecedented floods last year.

He acknowledged the significant contributions of BISP in protecting the livelihoods of the most vulnerable segments of Pakistani population, particularly in the aftermath of the floods.

Shazia Marri said BISP was launched in 2010, and since then it had become a resounding success in ameliorating the fate of the poorest of the poorest families in Pakistan.

She underscored that the scope and magnitude of the adaptive social protection strategies would be further enhanced in Pakistan and top priority would be accorded to education, healthcare and nutrition.

Shazia Marri said World Bank’s technical assistance would go a long way in maximizing the outreach and success of social protection programs in Pakistan.

Director Rutkowski assured the Federal Minister that World Bank would broaden its engagements and augment its assistance to Pakistan to foster better outcomes and enhance productivity of Pakistan’s social protection strategies through skill enhancement trainings and other means.

Source: Radio Pakistan