Hafeez, Asad discuss economic situation of Pakistan

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ISLAMABAD

Advisor to Prime Minister on Finance Abdul Hafeez Sheikh on Saturday held a meeting with National Assembly Speaker Asad Qaiser where both discussed the overall economic situation of the country. During the meeting, Asad Qaiser said that we have to create peasant-friendly durable economic policies for the development and sustainable growth of the farmer and agriculture sector of the country.

“Priority should be given to solving common man’s problems in economic policies,” he added. “Agriculture is the backbone of Pakistan’s economy”. NA Speaker further said that only increase in agricultural production can improve the economy of the country. He asserted that historical decisions will have to be made for the improvement of important crops like cotton.

Speaker Asad Qaiser expressed that farmers will have to be provided facilities for the improvement of the economy and employment opportunities will be created through the promotion of industries. Asad Qaiser asserted the present government inherited a messed up economy however the government sagaciously handled the situation.

He added the immediate measures of the government ushered in strengthening of economy and built investors confidence. He said that small and moderate businesses should be encouraged while focusing on tax reform.

He praised the steps of the government to broaden tax net however suggested for tax reforms and phasing out indirect tax in order to give relief to common man and sustainable economic growth.

During the meeting, Abdul Hafeez Sheikh expressed that the government is taking steps to facilitate businesses and to solve the problems of industrialists. The current account deficit has been overcome, the government is taking drastic measures for improvement, he added.

Finance Advisor said that the government’s top priority at the moment is the restoration of the economy. “Pakistan wants a permanent solution to the economic crisis which will be resolved in the tenure of Prime Minister Imran Khan,” he concluded.

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