Islamabad, May 27, 2014 (PPI-OT): Finance Minister Senator Ishaq Dar presided over comprehensive meeting, spanning over 2 days, with FBR officials, to review budget proposals at the Finance Ministry today. Chairman FBR Tariq Bajwa briefed the Finance Minister on proposals to be incorporated in the upcoming Federal Budget 2014-15.
He informed the Finance Minister that, as per his directions, recommendations of all stake holders including Chambers, Industry representatives, traders and professional bodies have been considered and the doable proposals have been incorporated in the set of proposals. He added that the business community is satisfied with their meetings with the Finance Minister and appreciated his personal interest in the reform process.
The Finance Minister appreciated the hard work and commitment of the FBR and Finance Ministry officials in consulting the stake holders and finalizing the budget proposals for consideration. He observed that during the current financial year the government had to do a lot of firefighting to save the economy from further deterioration and make a new beginning.
He thanked almighty Allah for giving courage and commitment to the government for not only facing all those challenges but also for making progress toward changing the direction of the economy to growth and development.
The Finance Minister said that now it’s time that the whole nation should join hands with the government to build Pakistan for the sake of our future generations. He said that we have burned mid night oil for making corrections in our economic direction and it is due to prudent reforms that we have been able to achieve all our economic targets.
The Finance Minister said that the new budget will set the direction of our economy and it will be a component of midterm macro-economic strategy. He observed that the proposals will bring in positive results for the nation in the long run.
He said that we will work together to expand the tax net and all those people who are not paying their taxes will be encouraged to do their duty towards the country. He added that tax payers will be rewarded and serious efforts will be made for documentation of the economy.
He said that the youth is our future capital and the Prime Minister’s schemes are aimed at harvesting this great potential of the nation. He added that we have to find fiscal space to invest in our future capital. He concluded that all our efforts and policies should aim at ensuring growth and reduction in poverty.
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