Thursday, January 27, 2022
Live-TV(PK) Live-TV(UK) Newspaper اُردُو نیوز
اُردُو نیوز Newspaper
Live-TV(PK) Live-TV(UK)

PM directs to suggest out-of-box solutions for reducing indirect taxes

PM directs to suggest out-of-box solutions for reducing indirect taxes
February 15, 2021

ISLAMABAD (92 News) - Prime Minister (PM) Imran Khan has directed government economic team to suggest out-of-box solutions for reducing burden of indirect taxes and to ensure balance between state revenue and expenditure.

Chairing a meeting on steps to bring down prices of essential commodities today, he directed Finance Minister Dr Hafeez Shaikh to minutely look into wheat procurement process and various administrative costs that are contributing towards raising the prices of wheat.

The premier said his foremost priority is to provide maximum relief to the poor segments of society. He said every effort should be made to lessen burden of indirect taxes and provide relief to the people.

Discussing wheat and flour prices, Imran Khan directed that every single penny, being spent in unnecessary administrative expenditures, must be saved.

The minister apprised PM Khan that a comprehensive and efficient plan is being prepared for wheat procurement and rationalization of administrative costs involved in the process.

SAPM Dr Waqar Masood briefed the Prime Minister about duty structure on imported edible oil and pulses. He also presented a comparative analysis with other regional countries.