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Pak Govt. to Facilitate Investors, Bolster Exports: Asad Umar

ISLAMABAD – Pakistani Finance Minister Asad Umar assured on Monday that the government would fully facilitate businesses and investors to bolster the country’s exports, Radio Pakistan reported.
Addressing a ceremony at the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in Lahore, the finance minister said that a simplified procedure of tax returns for individuals and entrepreneurs will be introduced during the ongoing fiscal year.
The minister also informed that the government would take efforts to recognize top taxpayers, and “a ceremony in this regard will be chaired by Prime Minister Imran Khan in order to encourage the people to file their tax returns.”
“The industrial sector has an important role in the economy and steps are being taken to address their problems including those relating to energy.”
The minister further informed that special economic zones will be set up under the multi-billion-dollar China-Pakistan Economic Corridor (CPEC) project and the Economic Coordination Committee (ECC), at its meeting on February 5, will deliberate upon early operationalization of these zones.
“Cotton is the backbone of Pakistan’s economy, our strategy for cotton will be decided through joint strategic dialogue between stakeholders and agriculture ministers,” said the finance minister while referring to one of the country’s vital export commodities.
“It is the investor’s duty to run the industries, the government can assist them.”
Umar also informed that the government is currently working to ease the process of tax returns.
(Sahar News Monitoring Desk)

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