- Home
- Business
- News
- Govt remained successful on the political front during last one year: Mian Zahid Hussain
Govt Remained Successful On The Political Front During Last One Year: Mian Zahid Hussain
Umer Jamshaid Published August 19, 2019 | 06:04 PM
Kashmir issue lime lighted internationally, relations with US improved, Economy remained hostage to uncertainty, planning remained the weakest link
Lahore (UrduPoint / Pakistan Point News - 19th Aug, 2019) President Pakistan Businessmen and Intellectuals Forum (PBIF), President All Karachi Industrial Alliance (AKIA), Senior Vice Chairman of the Businessmen Panel of FPCCI and former provincial minister, Mian Zahid Hussain on Monday said government’s one-year performance remained a mixed bag of achievements and failures.
The government remained successful on political and diplomatic front, relations with Arab countries improved, issue of Kashmir was highlighted internationally, while Pak-US relations witnessed some improvement, he said.
Mian Zahid Hussain said that the government took many unpopular decisions and tensions between the civilian government and army vanished which sent a positive signal. Talking to the business community, the veteran business leader said that the government stayed clear of any big corruption scandal reinforcing the notion that their intentions are good.
The former minister noted that the planning remained weak while it took controversial anti-corruption steps which will discourage corruption in politics and other sectors which is important for national development.
Political friction has increased while the foreign policy remained a success, integration of FATA, austerity, steps for poverty reduction, shelter for homeless and tree plantation drives are laudable steps, he added.
Tourism was promoted, visa restrictions were relaxed which may result in investment while the decision to open Kartarpur border will improve relations with the Sikh community and result in foreign exchange earnings.
He said that the government is trying to revamp taxation system which will help Pakistan become self-sufficient therefore traders should cooperate with the government. Exports and deficit dwindled during last one year, inflation remained out of control, the developmental budget was increased by Rs 400 billion, Pakistan Post and PTV jumped to profit, PIA is improving but bleeding enterprises could not be sold.
The culture of tax evasion was discouraged resulting in one million additional filers and the financial crisis was tamed necessitating steps to provide relief to the poor, middle class and come up to the expectations of the business community, he demanded.
Related Topics
Recent Stories
HEC reviews curricula for environmental sciences degree programme
ICC Asia looking forward to an action-packed Asia Cricket Week
Yuvraj Singh named ICC Men’s T20 World Cup 2024 Ambassador
Greece hands Olympic flame to 2024 Paris Games hosts
Two Kyiv hospitals evacuating over feared Russian strikes
World must act on neurotech revolution, say experts
Charles & Catherine's cancer diagnoses
Champions Alcaraz and Sabalenka through in Madrid Open
King Charles to resume some public duties during cancer treatment: palace
US defense chief announces $6 bn in security aid for Ukraine
Heavy rains cause damage to Spezand-Taftan railway track
Woman stabbed in Israel, attacker killed: police
More Stories From Business
-
Finance minister reviews progress on FBR digitalization
55 minutes ago -
US stocks rebound on tech earnings, London hits new record
55 minutes ago -
US approves gene therapy treatment for hemophilia
41 minutes ago -
KATI president for inclusion of agri sector in tax net
41 minutes ago -
Ahsan chairs 13th CPEC-JCC preparatory meeting, reviews arrangements for high-level delegation’s v ..
2 hours ago -
Police to take every step for security of business community: IGP
2 hours ago
-
WB director, Planning minister discuss reforms in development projects
2 hours ago -
IP rights crucial in achieving SDG : Jam Kamal
4 hours ago -
FBR’s data protection efforts commended by OECD assessment team
4 hours ago -
US stocks rebound on tech earnings, London hits new record
4 hours ago -
SECP-IFSB workshop highlights Pakistan's progress in Islamic Finance Development
4 hours ago -
SBP to announce monetary policy on April 29
4 hours ago