ISLAMABAD: Pakistan’s Prime Minister Shehbaz Sharif has directed to present a compressive plan to increase revenue without burdening the common people.
Presiding over a sectoral meeting regarding the Ministry of Finance in Islamabad on Thursday, he expressed the resolve to take tax to GDP by 15% in the next five years.
The Prime Minister said the federation would strengthen all provinces by transferring the relevant ministries and departments to them under the 18th Amendment.
He said expenditures will be minimized to reduce financial losses in the country.
The prime minister also advised to expedite the process of reforms and privatization of state enterprises, the loss-making ones.
He said a public-private partnership would be established for better services at all major airports of Pakistan.
The PM said the government was fully focused on gradually reducing public debt, pension and subsidy reform as well as privatization and restructuring of the state-owned enterprises.
Pakistan’s Standby Programme with IMF
Welcoming the completion of a standby programme with the International Monetary Fund (IMF), he said the government will work hard with the lending agency for future programmes.
He also directed to devise a comprehensive plan to reduce external debt.
The prime minister said that internationally renowned experts will be engaged to ensure the economic sector’s progress.
