Federal Finance Minister Dr Abdul Hafeez Shaikh has said economic indicators are showing positive results as large-scale manufacturing has registered growth of 3.6 per cent in the first quarter while revenue collection stood at Rs715 billion up to December 16 compared to Rs555 billion in the same period of last year.
Briefing the media at the Ministry of Finance on Monday, the minister said the government wanted to improve efficiency and performance of state-owned enterprises like Pakistan International Airlines (PIA), Pakistan Steel Mills (PSM) and Pakistan Railways through efficient management and hiring professionals in order to make them profitable.
He added the government had met minimum financial requirements of PSM in order to help the organisation improve its working capacity.
According to the minister, the government’s expenditures were fixed at 42.5 per cent of the total for the first five months, which stood at 38 per cent.
Published in The Express Tribune, December 20th, 2011.
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i'm surprised mr hafeez making such statements. it doesn't matter if your collecting more tax, what matters is tax-to-gdp ratio and tax-to-debt ratio which aren't really healthy.
This is called denial.
There would have been no harm if a more balanced view had been presented.
more lies...plz leave.
Day dreaming - it wont be long before Hafeez Shiekh packs his suitcase and vanishes just like Short Cut Aziz