Wednesday, 23 June 2021, 07:19:55 am
Main priority of government is to harness the potential of the people and uplift them from poverty

Dr. Salman Shah (Advisor to Punjab Government): The new budget is people-friendly, growth-oriented and business-promoter. Main priority of the government is to harness the potential of the people and uplift them from poverty. It also seeks to utilize people’s abilities in the country's development. The government is providing targeted subsidies on basic commodities, low cost houses, SMEs and is also providing loans to people to start businesses. For business community, government has suggested incentives for increasing investment in development projects. Moreover, certain reforms will be made in FBR. The harassment from FBR will have to stop so that businessmen can carry out business activities without fear. Large scale public private partnership programs will be initiated in the next fiscal. Moreover, there will be tax reforms which will reduce tax rates in order to bring more people into the tax fold. It will increase the tax net quite substantially.