BAFL 51.82 Decreased By ▼ -0.69 (-1.31%)
BIPL 22.37 Decreased By ▼ -0.43 (-1.89%)
BOP 5.63 Decreased By ▼ -0.05 (-0.88%)
CNERGY 4.96 Decreased By ▼ -0.13 (-2.55%)
DFML 18.84 Decreased By ▼ -0.51 (-2.64%)
DGKC 79.66 Decreased By ▼ -1.14 (-1.41%)
FABL 32.51 Decreased By ▼ -0.59 (-1.78%)
FCCL 19.84 Decreased By ▼ -0.39 (-1.93%)
FFL 10.61 Increased By ▲ 0.04 (0.38%)
GGL 13.53 Decreased By ▼ -0.09 (-0.66%)
HBL 124.52 Decreased By ▼ -5.65 (-4.34%)
HUBC 119.55 Decreased By ▼ -3.07 (-2.5%)
HUMNL 7.92 Decreased By ▼ -0.13 (-1.61%)
KEL 4.49 Increased By ▲ 0.04 (0.9%)
LOTCHEM 27.82 Decreased By ▼ -0.10 (-0.36%)
MLCF 41.76 Decreased By ▼ -0.94 (-2.2%)
OGDC 125.24 Decreased By ▼ -0.37 (-0.29%)
PAEL 22.04 Increased By ▲ 0.69 (3.23%)
PIBTL 6.25 Increased By ▲ 0.13 (2.12%)
PIOC 116.05 Decreased By ▼ -1.95 (-1.65%)
PPL 113.96 Increased By ▲ 0.11 (0.1%)
PRL 30.11 Decreased By ▼ -1.69 (-5.31%)
SILK 1.25 Increased By ▲ 0.15 (13.64%)
SNGP 70.12 Increased By ▲ 0.72 (1.04%)
SSGC 13.56 Decreased By ▼ -0.16 (-1.17%)
TELE 9.51 Increased By ▲ 0.27 (2.92%)
TPLP 15.13 Increased By ▲ 0.38 (2.58%)
TRG 97.42 Increased By ▲ 4.57 (4.92%)
UNITY 28.26 Increased By ▲ 0.76 (2.76%)
WTL 1.71 Increased By ▲ 0.05 (3.01%)
BR100 6,781 Decreased By -34.3 (-0.5%)
BR30 23,966 Decreased By -279.4 (-1.15%)
KSE100 66,012 Decreased By -211.3 (-0.32%)
KSE30 22,048 Decreased By -75.1 (-0.34%)

ISLAMABAD: Federal Minister for Planning, Development and Special Initiatives, Ahsan Iqbal has said Pakistan needs to curb tax evasion, increase tax collection and boost its exports from around $ 30 billion to $ 100 billion in the next five to eight years.

Speaking at the PIDE’s first-ever EconFest, he said if there is a conflict in society, no policy will be successful. Pakistan’s 75-year history shows that we made robust policies.

To develop its economy, the minister said that Pakistan needs to curb tax evasion, increase tax collection, and increase its exports from around $ 30 billion to $ 100 billion in the next five to eight years. He said we also need to develop our youth’s IT skills.

Moreover, the climate situation needs to be tackled. “Most importantly, we need to tackle the issue of energy, which is a huge drain on Pakistan’s foreign exchange reserves. Therefore, we need to move to renewable energy resources.”

The minister said the Chinese government was very interested in investing in Pakistan but the new regime that came to power in 2018 started alleging corruption in the CPEC project, which again derailed Pakistan.

He said that the country’s interest should be not sacrificed for the sake of conflict and politics. Therefore, we must learn to collaborate and cooperate as Pakistanis to make Pakistan’s economy better,” he said.

Copyright Business Recorder, 2023

Comments

Comments are closed.

PIDE’s first-ever EconFest held: Country needs to boost exports to $100bn in 5-8 years: minister

ADB approves $155.5mn funding to boost female access to finance in Pakistan

Inter-bank: rupee settles lower against US dollar

KSE-100 retreats 211 points but stays above 66,000

Justice Ijazul Ahsan objects to benches hearing military trial, Justice Naqvi appeals

Market cap: Pakistan’s energy giant Mari Petroleum joins billion-dollar club

Bilawal ‘could’ be PPP candidate for premiership: Zardari

JI to table no-trust motion against Karachi mayor Murtaza Wahab

Lifetime disqualification verdict, Elections Act amendment cannot co-exist: CJP

Fighting intensifies across Gaza, raising alarm over potential exodus into Egypt

Spurious and expensive smuggled drugs replacing legit medicines in Pakistan: PPMA