NADEEM MALIK LIVE
TOPIC- PAKISTAN POLITICS GUEST; SHOKAT TAREEN
SHOKAT TAREEN FINANCE MINISTER WAS THE ONLY GUEST ON THE SHOW
He said that the increase in production is his motive and want sustainable growth in it. He said that the increase in revenue is also essential with it growth is impossible. He said that the government is focusing on industrial growth to boost up the exports. He said that the government wants to take GDP growth to 5% by next year. He said that oil prices are too high at the moment and affecting the economic activity in the country.
He said that the growth in textile industry is 16% and in IT 40 to 50%. He said that he told Razzaq Dawood to find new avenues to increase the exports. He said that the government is going to give industry status to IT business and is going to ask them that what their demands are. He said that people of IT business told him that they can take their exports to 5 billion dollars but he advised them to go up to 8 billion.
He said that the government is going to find new tax payers instead of keep squeezing the people already in the tax net. He said that there are 7.2 million people not paying their taxes. He said that agriculture is one of the sections not paying any taxes we need to plug the black holes. He said that the government is getting the taxes on retails of only Rs 5 billion whereas the numbers should be too high. He said that he will use modern technology to catch up the tax concealment. He said that if someone will not be paying taxes he will not be arrested, he will personally order to take the action if necessary.
He said that IMF program is very tough this time because we do not have any backing of the big powers at the moment. He said that such program of IMF is offered to Pakistan because of the current political situation of our region. He said that he told IMF that they and Pakistan both want to increase the revenue but he will take a different to get the target.
He said that he believes that state bank should be independent but should coordinate.
He said that the government could not achieve the revenue collection target last year because of the slowness of the economy but this year it will be achieved.
He said that all the refunds will be paid by 30th of December 2021.
He said that the PM Imran Khan is going to introduce “Kamyab Pakistan” program that will turn the fate of the poor in the country. He said that the government is going to give agriculture loans on zero interest.
He said that Pakistan is asking Chine to set industry in under the Cpek project.
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