Islamabad, : Minister of State for Revenue Hammad Azhar, termed the economic reform package as neutral budget in term of fiscal and monetary measures but to revive and facilitate the investments and growth. 

He said this while speaking at the public seminar titled “Economic Reforms: Way forward”, organized by Sustainable Development Policy Institute (SDPI), here on Friday.

He said that the government will announce a medium-term economic framework in next week, where further supply-side measures will be taken to further boost exports and investments. Moreover, the government is moving towards direct taxation regime while gradually curtailing the indirect taxation, he added.

“Our economy is consumption based economy, where in the last ten years our fiscal and monitory policies failed to revive growth and facilitate investments in the country”, the minister added.

 He said that his government has taken tough measures which now resultant in the stabilization of the economy. The sole aim of this economic reform package was to boost the supply side of the economy and to enhance production and exports to its true potential, he added. Moreover, he said that PTI’s government has proposed in this economic reform package a simplified and friendly tax regime to ensure ease in doing businesses.

 

Source: http://pakistanipost.com/en/government-to-announce-medium-term-economic-framework-in-next-week-says-revenue-minister/