Prime Minister Shehbaz Sharif has instructed to present a compressive plan to increase revenue without burdening the common people.
Chairing a sectoral meeting regarding the Ministry of Finance in Islamabad today, he expressed the resolve to take tax to GDP by 15 percent in next five years.
The Prime Minister said the federation will strengthen the provinces by transferring all relevant ministries and departments to them under the 18th amendment. He said expenditures will be minimized to reduce financial losses.
Shehbaz Sharif also advised to expedite the process of reforms and privatization of state enterprises, the loss-making ones. He said public-private partnership will be established for better services at all major airports of the country.
The Prime Minister said the government is fully focused on gradually reducing public debt, pension and subsidy reform as well as restructuring and privatization of the state-owned enterprises.
Welcoming the completion of a standby programme with the International Monetary Fund, he said the government will work hard with the IMF for future programmes. He also instructed to devise a comprehensive plan to reduce external debt. He said internationally renowned experts will be engaged to ensure economic sector’s progress.
