The Advisor to Prime Minister on Finance, Revenue and Economic Affairs, Dr Abdul Hafeez Shaikh, has said that the country’s economy will improve after implementation of IMF program.
Addressing a meeting with the business community at the Sindh Governor House, he said that different programs were needed for the stabilization of economy of the country.
The Federal Board of Revenue (FBR) Chairman, Syed Shabbar Zaidi, was also present at the meeting. He added that Amnesty Scheme is fully supported by all the business community.
Sindh Governor Imran Ismail said that the government wanted to address the problems of the trade community and Sindh Industrial Liaison Committee has been formed in this regard.
“The government has set three new priorities in the upcoming budget which include fulfilling of basic masses needs, reducing expenditures and increasing the tax collections,” said Hafeez Sheikh.
The Advisor said that through this agreement, Pakistan will get six billion dollars on low-interest rate from IMF while it would also get two to three billion dollars from the World Bank and Asian Development Bank (ADB).
He said that prices of electricity would be increased, however, the consumers of less than 300 units will not be affected.
Hafeez Sheikh also said that the amnesty scheme would prove to be fruitful for the economy of the country.
The Finance Advisor informed that the government would allocate around 800 billion rupees for the development programs in the next budget.
He said Raza Baqir is a well known and expert economist and Shabbar Zaidi possesses expertise in tax affairs.