ISLAMABAD: Advisor to PM on Finance, Shaukat Tareen has pinned the inflation control with the price spiral. “There is a need to control price hike through administrative measures at grass root level in order to control inflation through out the country”.
Talking to newsmen in “Good Morning Pakistan” Programme, Tareen said that the government and tax department is framing various policies to enhance the tax ratio of the country to 16 percent in the upcoming years.
He said tax-base policy coupled with introduction of taxation in agriculture, real estate and services sector would help the government to multiply revenue generation of the country. It has been decided to reform the agriculture sector in order to bring it into the tax net by the next two years, whereas small businesses particularly wholesales and retailers should also contribute their part.
He expressed satisfaction over the steady growth of the country’s economy during the past few months and praised the economic team for their attempt and well thought-out policies in stabilizing the country’s overall economic situation and controlling inflation.
He said that short and long-term measures would steer the country out of the current economic challenges and ensure speed development of human resources, health, education, energy and banking sectors. He said that there is demand to make institutions more powerful and give them confidence to safeguard their interests.
The economic measures which would be taken in the next six months, he hoped would further reduce inflation and attract more foreign investment in the country.
The adviser said the government is taking all measures to control inflation and bring the interest rates down to a single digit.
Regarding to a question about Benazir Income Support Programme he said that the government is formulating long-term policies to eradicate poverty from the country and in the next phase, families will get financial assistance.
Besides the income support, the members of deserving families would also be provided technical training, education and health facilities, and it would be expanded he added.
Talking to newsmen in “Good Morning Pakistan” Programme, Tareen said that the government and tax department is framing various policies to enhance the tax ratio of the country to 16 percent in the upcoming years.
He said tax-base policy coupled with introduction of taxation in agriculture, real estate and services sector would help the government to multiply revenue generation of the country. It has been decided to reform the agriculture sector in order to bring it into the tax net by the next two years, whereas small businesses particularly wholesales and retailers should also contribute their part.
He expressed satisfaction over the steady growth of the country’s economy during the past few months and praised the economic team for their attempt and well thought-out policies in stabilizing the country’s overall economic situation and controlling inflation.
He said that short and long-term measures would steer the country out of the current economic challenges and ensure speed development of human resources, health, education, energy and banking sectors. He said that there is demand to make institutions more powerful and give them confidence to safeguard their interests.
The economic measures which would be taken in the next six months, he hoped would further reduce inflation and attract more foreign investment in the country.
The adviser said the government is taking all measures to control inflation and bring the interest rates down to a single digit.
Regarding to a question about Benazir Income Support Programme he said that the government is formulating long-term policies to eradicate poverty from the country and in the next phase, families will get financial assistance.
Besides the income support, the members of deserving families would also be provided technical training, education and health facilities, and it would be expanded he added.
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