The finance minister Ishaq Dar presiding over the comprehensive meeting to review budget proposals at the ministry of finance. PHOTO: PID
Chairing a meeting with Federal Bureau of Revenue (FBR) officials to review budget proposals at the ministry of finance, the minister observed that the budget proposals will bring in positive results for the nation in the long run.
The meeting with FBR officials was conducted over the past two days.
Indicating that the tax net will be expanded in the upcoming budget, Dar said all those people who are not paying their taxes will be encouraged to do so. He added that those tax payers who had been regular in their payments will be rewarded while serious efforts will be made for documentation of the economy.
Dar said that the youth is our future capital and the Prime Minister’s schemes are aimed at harvesting this great potential of the nation and that they would have to find fiscal space to invest in this future capital in the upcoming budget.
Outlining policies for the budget, he said that the aim should be to ensure growth and reduce poverty.
Briefing the finance minister on proposals to be incorporated in the upcoming federal budget 2014-15, FBR chairman Tariq Bajwa said that as per the directives of the minister, recommendations of all stake holders including chambers, industry representatives, traders and professional bodies have been considered and the doable proposals have been incorporated in their proposals.
Dar claimed that during the current financial year the government had to do a lot of firefighting to save the economy from further deterioration.
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