'Govt is honest in expanding tax net through legislation'

Finance Minister says the United States would provide $310 million under the Kerry Lugar bill for flood victims.

Finance Minister Abdul Hafeez Sheikh said on Tuesday that the government is honest in expanding its tax net through transparent means and rational legislation.

Addressing a news conference after attending talks of Working Group on Economics and Finance, Sheikh said the United States would provide $310 million under the Kerry Lugar bill for the flood victims.

He said Pakistan’s economic conditions and bilateral investment were discussed during the talks with the US officials.

Sheikh said that meetings with the officials of World Bank and International Monetary Fund (IMF) were focused on the progress of future programmes aimed at improving economic conditions.