Finance Minister Senator Mohammad Ishaq Dar, Wednesday, said that in line with the tradition of the last three years, the government is according top priority to the well-being of the general public in the upcoming budget. The budget measures will be focused on employment generation and achieving higher, sustainable and inclusive economic growth.
While chairing a high level meeting here he urged close coordination and thorough preparations by all departments and ministries involved in budget-related events including the presentation of the budget in the Parliament and launching of the Economic Survey.
In line with the tradition of the last three years, the government is according top priority to the well-being of the general public in the upcoming budget. He said that the budget measures will be focused on employment generation and achieving higher, sustainable and inclusive economic growth.
Finance Secretary informed the Minister that budget preparations are progressing smoothly according to the prescribed timelines. He also apprised him about proposals for consideration in the budget for FY 2017-18.
Chairman FBR also gave a presentation to the Finance Minister on tax measures envisaged in the next budget, including measures for improvement in the system of tax collection, broadening the tax base, and facilitation to tax-payers.
The Finance Minister said the budget was being prepared after extensive consultations with all stakeholders including the business community, traders and chambers of commerce and industries, who have all provided valuable and constructive suggestions. He encouraged all concerned officials to continue putting in their best efforts to finalize all the arrangements in a timely manner.
Chairing a separate meeting on matters related to IT and Telecom sectors here Finance Minister said that the government was conducting its budget preparations based on extensive consultations and input from all stakeholders, including representatives of the IT and telecom sectors. He said that the proposals from the IT and telecom industries will be given due consideration during the finalization of the budget.
Minister of State for IT & Telecom, Anusha Rahman Khan, apprised the Finance Minister of taxation-related proposals from the IT and telecom industries. She also briefed the Finance Minister on the progress of the planned frequency spectrum auction.
The Finance Minister said that the government recognizes the importance of IT and telecom in the world today. He emphasized that the government is undertaking measures for enhancing digital inclusion across Pakistan as a matter of priority.