Internet data, mobile phone calls, and SMS will not be expensive, says Finance Minister
Addressing a post-budget press conference, Finance Minister Shaukat Tareen said that everything is done by the grace of God, and God made us the means and we presented the growth budget yesterday, the effects of economic improvement will reach the common man, the poor. We don't do politics with him. He is poor wherever he sits. This government is determined that the poor people will not face the effects of the track down. People do not understand that what has not happened in 74 years is happening. Is.
Shaukat Tareen said that we have to conduct the survey on non-political basis, the banks have the resources, the government does not have the fiscal space, we thought that the resources to be distributed are in the banking sector, neither the commercial banks nor the poor. Near the home and not the small farmer, who have experienced ninety-nine percent recovery from small loans, it will be revealed which households are among the targets, providing small loans to 4 million households in the first phase of this program. Under it, there will be no politics in it, citizens of every corner of the country will be included.
Getting investment from banks
The finance minister said that they are getting investment from commercial banks, the guarantee will be from the government, Akhot International and RSPs have been given 10 percent credit insurance, these 4 million poorest people will be given these interest free loans, these loans are non-existent. Will be given on the basis of impartial and non-political survey, the poor man will no longer have to wait for improvement, small people will be given interest free loans up to Rs 5 lakh to do business and these loans will be for 3 years. The government will provide Rs 2 lakh per annum to small farmers, loans of up to Rs 20 lakh will be given to the people for roofing, land is expensive in cities, loans will be given to people for houses in remote areas.
We will further expand the scope of health cards
Shaukat Tareen said that at present the government's focus is on the poorest people of the society, the government's cloak is small, not everyone can be given facilities, health card is a health insurance, its scope will be further expanded, provide health cards across the country. Health problems will be solved through health card, treatment facilities are not available in government hospitals, we do not have revenue, health card can provide poor treatment through insurance in private hospital, future for sustainable development Decisions have been made keeping in view the poor people will be given vocational training.
Negotiations with IMF continue
Shaukat Tareen said that talks are underway with the IMF. The sixth review will continue till July. Matters with the IMF will be settled by September. The main reason for frequent visits to the IMF is the weak financial position of Yamari. If imports increase, then the dollar falls. Dollars cannot be printed for which we look here and there. Then we go to the IMF. Negotiations are being held with the FDA that no tax will be levied, so exports will have to be increased, profit margins on national savings schemes will have to be increased, growth will have to be made sustainable, this year 312,000 new taxpayers have been added Yes, the first problem is the lack of revenue, PSDP, agriculture and industry growth all saw, tax cuts in various sectors in the budget, exports must be twenty percent of GDP, tax to GDP. P-Growth has to be taken up to 20%, 1% growth was promised every year but it did not happen, now the tax-to-GDP growth rate will be accelerated, the tax-to-GDP growth rate will be increased in 8 years. The tax will be raised to 20%.
Imran Khan says you don't have to worry
The Finance Minister said that as Imran Khan says you don't have to worry, don't worry this year tax collections will reach Rs 4700 billion, FBR has data of many people who are not paying taxes. Those who are not paying taxes will go after them. Large retailers and medium retailers have sales of more than Rs 1,000 billion. Point-of-sale systems will be introduced in other retailers from July onwards. Revenue can come, consumers will be rewarded if they get a fixed slip. Consumers will be given monthly rewards of Rs. 250 million which will increase to Rs. 1 billion. Such successful schemes have come up in Turkey and other countries.
They are no longer self-sufficient in food
Shaukat Tareen said that Pakistan has become a food deficient country, the government is giving incentives on agriculture on the direction of the Prime Minister and will give more if necessary, incentives are being given to exports and investment, creating opportunities for investment in economic zones. Incentives will increase IT exports, industry gives the most employment after agriculture, mark-up rates on loans in housing sector have been reduced, Imran Khan has given discounts to small households. The interest rate for large houses is 7%. Due to housing, there will be work in 40 to 42 industries.
Ishaq Dar had terminated the revolving loan
The Federal Minister further said that Ishaq Dar had abolished the revolving loan in 2013, it started increasing after the end of the revolving loan, next year the revolving loan will not be allowed to increase, revolving loans will be resolved through capacity utilization, we Get rid of debt by selling electricity and improve the power sector. We will bring efficiency in the energy sector and fix the discus through an independent board, then privatize the electricity distribution companies. We will do this in a progressive way.
We will increase it. We will not burden the poor. Raising prices is not the right course of action. The Prime Minister has a clear position on this. ۔
Internet data and phone calls will not be expensive
The Finance Minister said that the budget had proposed a tax of Rs 1 per call for more than 3 minutes, Rs 5 per GB of internet data and Rs 10 per SMS, but the Prime Minister proposed a tax on internet data and mobile phone calls. Rejected, now internet data, mobile phone calls, and SMS will not be expensive.
Purchase of oil on credit
The Federal Minister said that the talks with Saudi Arabia on the purchase of oil on deferred payments have been completed, oil prices in the world market are expected to start declining, oil prices in the world market are expected to start declining. Will be
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