Chitral Times

Mar 7, 2021

News Detail

  • PM directs Economic team to suggest out-of-box solutions for reducing burden of indirect taxes

    February 16, 2021 at 4:03 am

    Chitral Times Report


    ISLAMABAD: Prime Minister Imran Khan has directed Government economic team to suggest out-of-box solutions for reducing burden of indirect taxes, on one hand, and also to ensure balance between state revenue and expenditure, on the other. The Prime Minister has directed Finance Minister to minutely look into wheat procurement process and various administrative costs that were contributing towards raising the prices of wheat. This he said while chairing a meeting on steps to bring down prices of essential commodities. The meeting was attended by Federal Ministers, Advisors, SAPMs and senior government officials. Finance Minister Dr Abdul Hafeez apprised the Prime Minister that a comprehensive and efficient plan was being prepared for wheat procurement and rationalization of administrative costs involved in the process. SAPM Dr. Waqar Masood briefed the Prime Minister about duty structure on imported edible oil and pulses etc. He also presented a comparative analysis with other regional countries. The Prime Minister said that his foremost priority was to provide maximum relief to the poor segments of society. The Prime Minister said that every effort should be made to lessen burden of indirect taxes and provide relief to the people. Discussing wheat and flour prices, the Prime Minister directed that every single penny, being spent in unnecessary administrative expenditures, must be saved.