Karachi (TDI): Finance Minister Muhammad Aurangzeb says economy is back on the right track due to prudent economic policies introduced by the government.
Chairing a meeting of Overseas Investors Chamber of Commerce and Industry in Karachi Saturday, he urged private sector to come forward and play its role in economic growth, Radio Pakistan has reported.
Aurangzeb said inflation is continuously reducing and efforts are afoot to pass benefits of improvement in the economy to the people at grassroot level.
He also urged media to introduce Pakistani products at the world for economic development.
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Earlier, the finance minister held a meeting with Sindh Governor Kamran Khan Tessori.
Speaking on the occasion, Mohammad Aurangzeb said IT and agriculture have important role in the economy. He lauded the initiatives of Sindh Governor to train youth with IT skills, the state-run broadcaster said.
Aurangzeb Addresses Conference
Meanwhile, addressing a news conference in Karachi, The Minister said the country has import-led economy, which is creating the balance of payment problem. He said every single entity of the country should contribute to exports. He said markets are available for ‘Made in Pakistan’ products.
To a question, Muhammad Aurangzeb said talks are underway with Sindh Government regarding Agriculture tax. He said Punjab government had already done work on it and Khyber-Pakhtunkhwa and Balochistan are working on it.
The Minister said efforts are being made to bring real estate, agriculture, wholesalers and retailers under tax net. He said leakages in sales tax and income tax are being stopped through the digitalization process.
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On inflation, he said that a Standard Item Agenda had been introduced by the Economic Coordination Committee to control prices of pulses, petroleum, transportation to provide relief to the people.
During his activities in the financial hub of Pakistan, Karachi, he highlighted as how economy is in right direction and how reforms are yielding positive results.
