Finance Minister, Dr. Shamshad Akhtar has stressed on lifting quality of local products as per international standards to discourage imports and increase exports.
Talking to a delegation of Pakistan Business Council in Islamabad, she said industry needs to examine all options of managing their competitiveness.
The Finance Minister emphasized the need to deal with root causes of energy liabilities such as transmission and distribution losses that have aggravated circular debt problem.
The CEO, PBC made a comprehensive presentation of the issues facing corporate sector and shared proposals on strengthening overall business environment and steps that could help boost different sectors of economy.
Speaking at a ceremony in Islamabad, Caretaker Finance Minister said fiscal reforms are essential in order to achieve better economic development.
She said we need to focus on sustainable development goals and for this purpose special attention should be paid on utilizing the local resources.
Finance Minister said tax system needs to be revamped on the pattern of international tax system.
Source: Radio Pakistan