Geo News holds a stimulating discussion on economic growth and the challenges of Pakistan entitled “Pakistan Kay Liye Kar Dalo!”.
The special transmission organized by the main journalist Shahzeb Khanzada, presents the former finance minister Miftah Ismail, the president of the ARIF Habib group, ARIF Habib, the CEO of Lucky Cement Muhammad Ali Tabba, the Federation of the Pakistani Commerce & Industry Chambers (FPCCI) Vice-President Asif Insif, and the PDU Sohail.
Expressing its reflections on the federal budget, Tabba stressed that the government should pay particular attention to exports and deplored that the current budget has no agreement to improve it.
Tabba said that during the great debate of the previous year, he predicted contraction in the large -scale manufacturing sector which, according to him, turned out to be true
After the budgetary announcement.
It was of the opinion that the growth of companies is linked to the change of mind of the government.
However, he expressed his fear that the pressure will only rise up on the declarants after the new financial movements of the government instead of bringing non-sequences to the tax net.
The CEO of Lucky Cement said that the government had taken certain measures to broaden the tax net by introducing restrictions on non-selectors, including purchases of goods and others.
It should also impose a ban on traveling on non-selectors, which would push them to comply with tax regulations, suggested Tabba. He added that the government will have to take more measures to regain investor confidence, which is essential for business growth.
He also pointed out that the Federal Income Council (FBR) system should be improved. Tabba predicted that it would be difficult for the federal government to achieve its economic objectives.
This is a story in development and is updated with more details.