ISLAMABAD: Finance Minister, Senator Mohammad Ishaq Dar Saturday expressed satisfaction over the budget deliberations.
Chairing a meeting at the Ministry Finance to review the whole budget process, the minister said that this was for the first time that all the stakeholders including chambers, industry representatives and trade associations have been consulted prior to budget preparation and their genuine concerns have been taken care of in the budget document.
He observed that in the budget for next fiscal year, special schemes were introduced for the youth and to help poor segment of the society.
He said, the government has proposed measures to promote a culture of filing tax returns in the country to bring into net rich people who are not paying their due taxes.
We have also tried to remove the distortions and exemptions under the SROs regime and provided a level playing field to the industry, he said and mentioned that special incentives have been given to the exporters, agriculture sector, textile and IT industry to harness the full potential of the Country.
He said the government’s policies would ensure growth in agriculture and value added exports.
He said that as a citizen of Pakistan now it was duty of people to pay due taxes in order to provide fiscal space to the government to spend more on development projects and to help the poor segment of the society through the social safety net programmes.
He said that in line with the manifesto of the PML(N) and vision of its leadership, their policies aim at making Pakistan a country where its people can live in peace and prosperity.
He said that due to the prudent policies, the government has been able to put the economy back on track during the last one year.
Earlier, Dr. Waqar Masood, Finance Secretary and Mr. Tariq Bajwa, Chairman Federal Board of Revenue (FBR) briefed the Finance Minister on Finance Bill, proceedings in the Parliament and sought guidance on the budget process.
Rana Assad Amin, Advisor to the Finance Ministry and senior officials of the Ministry of Finance and FBR also attended the meeting.