- Finance bill with steps for ease of doing business to be presented on Jan 23: Asad Umar
Finance Bill With Steps For Ease Of Doing Business To Be Presented On Jan 23: Asad Umar
Federal Minister for Finance, Revenue and Economic Affairs Asad Umar Saturday said a finance bill would be presented on January 23 with an aim to provide an ease of doing business environment instead of focusing on revenue generation
Addressing the business community here at the Karachi Chambers of Commerce and Industry (KCCI), he said the finance bill was initially to be presented on January 21 but it had now been rescheduled due to Prime Minister Imran Khan's foreign visit.
He said the PTI was the only political party which emphasized on the ease of doing business in its manifesto for general election-2018. The prime minister chaired a meeting every month to discuss steps regarding ease of doing business, he added.
The minister said,"Pakistan's trade deficit had reached the dangerous level in the previous year." With increased investment, the economy would progress, he added.
Asad Umar said in its first five months, the government had taken solid steps for the uplift of the most deprived segments of the society.
For the first time in its history, Pakistan was being supported overwhelmingly by the friendly countries, he added.
Replying to a query, he said the negotiations with the International Monetary Fund were underway.
To another question, he said the scope of Karachi Infrastructure Development Co Ltd. (KIDCL) was being expanded. The federal government was working on different projects through the company, he added.
Earlier, the KCCI members, including Chairman Businessmen Group Siraj Qassam Telli, apprised the minister of different problems being faced by the business community, including low gas pressure and its shortage, tax-related issues and discretionary powers of FBR officers.