Economy showing signs of recovery amid coronavirus pandemic

Staff Reporter

A delegation of Federation of Pakistan Chambers of Commerce and Industry (FPCCI) held a meeting with the Federal Minister for Finance and Revenue Mr. Shaukat Tarin at the Finance Division through a video link.

Adviser to the PM on Commerce Abdul Razak Dawood, SAPM on Finance and Revenue Dr. Waqar Masood, Chairman FBR and other senior officers participated in the meeting.

While addressing the meeting, the Finance Minister briefed the participants about the economic priorities of the Government.

He also outlined that the Government is adhering to strict financial discipline for achieving macro-economic stability and enhancing revenue generation.

The Minister also outlined that Pakistan’s economy is showing signs of recovery amid Coronavirus pandemic, with construction and manufacturing sectors in lead. However, the third wave of Covid-19 is particularly challenging, he added.

The Minister also stressed the role of Chambers of Commerce and Industry as a bridge between the Government and the traders for active coordination and welcomed suggestions from the members of FPCCI on the occasion.

The representatives of FPCCI felicitated the Finance Minister on assuming new responsibilities and discussed the matters related to sales tax harmonization and rationalization of taxes.

In his concluding remarks, the Finance Minister stated that the suggestions presented during the meeting would be accorded due consideration.

He also assured to have a regular interaction with members of FPCCI and affirmed that all key stakeholders would be taken on board before making important economic decisions.