Solution of country’s problems lies in reforms: APBF

102

Staff Reporter

Lahore

President All Pakistan Business Forum (APBF), Syed Maaz Mahmood on Wednesday said the real solution to Pakistan’s problems lies in reforms, as we can see very large inefficiencies in tax collection and stagnant exports growth.
While sharing his vision of sustainable economic growth, he stressed that focus should be on promoting exports and restricting imports alongside making domestic industry more competitive and subsequently expand its export market.
Maaz Mahmood said that exports of goods and services are an injection into the circular flow of income leading to a rise in aggregate demand and an expansion of output, helping raise per capita incomes and reduce extreme poverty especially in developing economies like Pakistan. He said the tax compliance must be improved and tax base be broadened.