PAKISTAN TO AMEND BUDGET TO MAKE IT MORE RELEVANT TO ECONOMY: FINANCE MINISTER

Pakistan’s Finance Minister, Asad Umer, said that, the new government will soon introduce changes to the Federal Budget 2018-19, to make it more relevant to the current state of the national economy.

Talking to a delegation of the Overseas Investors Chamber of Commerce and Industry, in Islamabad on Tuesday, Asad Umer said, the amendments would also be in line with the new government’s economic vision.

The finance minister further stated that, the government wanted a long-term solution to the budget and trade deficits.

The key to the problem lies in promoting manufacturing industry and in creating jobs for the youth, he said, adding that, this is the area where the overseas chamber could lead the way and assist the government.

Asad Umer also hinted at setting up a Business Advisory Council, to stay in touch with the business community. He stated that, the government was holding consultation for establishing the Business Advisory Council, which would function as a liaison between the government and business community, to turn the country into a regional hub for investors.

The minister said, it was his vision to put into place the latest technology in the tax system, to cut down hassle and bring in more transparency to the system.

Source: NAM NEWS NETWORK