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13 June, 2021 I 2 Dhul-Qadah, 1442 I Rs 25.00 I Vol XI No 343 I 32 Pages I Islamabad Edition
Tarin rules ouT chance of any mini-budgeT g
MiniSTER SAyS BuDgET FOCuSES On uPliFT OF POOR PEOPlE
ISLAMABAD staff report
r
uling out the chances of bringing any mini-budget, Finance Minister Shaukat Tarin has said that the budget 2021-22 focuses on uplift of the poor and sustainable economic growth through incentives for various sectors, including agriculture, industry and housing. Addressing a post-budget press conference on Saturday along with Minister for Economic Affairs Khusro Bakhtiyar and Adviser to Prime Minister on Commerce and Trade Abdul Razak Dawood, Tarin said that the main emphasis of the budget is to protect the vulnerable segments of the society. He said that four million poor households, to be accessed through the Ehsaas Survey, will be provided with interest free business and farming loans. He said these households will also be given loans to build their own houses. Besides, they will be given health cards and one member of each family will be imparted technical training.
The finance minister said that incentives have been given to uplift both the agriculture and industries, which will increase employability. He said the incentives in the industries are not only textile specific but have been extended to different sectors. He said taxes have been abolished to facilitate the investment of Chinese friends in the Special Economic Zones (SEZs) being set up under the China-Pakistan Economic Corridor (CPEC) project. The finance minister said the taxes on the information technology (iT) have been rationalised in order to exploit its full potential. He said, “We want to substantially enhance this sector’s exports in the years to come.” Tarin said that duties have been abolished on almost all the raw materials to strengthen the local industries and reduce imports. The finance minister was confident that the prices of cars up to 850cc will come down following the tax relief given to the automobile sector. He said the incentives given to the small and medium enterprises (SMEs) will also help achieve higher growth in the industry.
coronavirus in
PakisTan
CONFIRMED CASES:
939,931
LAST UPDATED AT 8:49 AM ON JUNE 12, 2021
DAY'S DEATH TOLL:
NEW CASES:
57
1,194
RECOVERED:
DEATHS:
SINDH:
PUNJAB:
875,581 21,633
327,021
343,703
KP:
BALOCHISTAN:
135,569
26,152
AJK/GB: ISLAMABAD: 19,723/5,698 82,065
The finance minister said that Prime Minister imran Khan has given special emphasis to the housing sector, which will help strengthen the industries allied with it. He said the government has increased subsidies, especially in the power sector. He said, “We will bring efficiency in the power sector. DiSCOs will be operated through independent boards and they will be privatised. line losses will be reduced and recoveries will be enhanced.” The finance minister expressed the confidence that the revenue target of Rs4.7 trillion set for the current fiscal year will be achieved. He said, “We will have to enhance the tax to gDP ratio to 20 percent in a period of seven to eight years. Our focus is to bring more people into the tax net instead of imposing more taxes on the people already paying taxes.” He maintained that a tax collection target of Rs5.8 trillion has been set for the next fiscal year, which he will achieve through innovative approaches including the use of latest technology. He said that allocation for the Public Sector Development Programme (PSDP) has been enhanced significantly to take the country towards sustainable growth. He said that in order to broaden the tax net, the government will bring in a prize scheme to encourage people to demand proper receipts for purchases they make from retailers. He said the government will introduce a scheme, under which prizes amounting to Rs250 million will be distributed among receipt holders every month. He added the move would help in documentation of the economy. Tarin said the Federal Board of Revenue (FBR) has started collecting data to identify potential taxpayers, who are eligible to pay tax but have not yet been brought into the tax net. About 312,000 potential tax payers can be brought into the tax net through these measures, he added.
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Bilawal terms budget anti-people, anti-poor g
‘PDM iS nOT DEMOCRATiC MOvEMEnT WiTHOuT PPP, AnP’ KARACHI tltp
Terming the proposed budget for the fiscal year 2020-21 an economic attack on Pakistanis, Pakistan People’s Party (PPP) Chairman Bilawal Bhutto Zardari has said that Prime Minister imran Khan has made his “anti-people and anti-poor” agenda clear. The PPP chairman, in a statement issued on Saturday, said that PTi would not be permitted to play with the nation’s future, vowing his party would not allow imran Khan to conduct an economic massacre of the people. “People now know that imran Khan has a habit of making tall claims. The prime minister has failed in providing relief to the common man,” he maintained. Reiterating PM is “deaf, dumb, and blind” to the plight of the average citizen, he said, “The year might have changed, but the conditions of the people remain
Imran urges world to fight online hate, extremism after Canada attack ISLAMABAD staff report
Prime Minister imran Khan has called on world leaders to crack down on online hate and extremism following the deadly truck attack in london city of Ontario — now being investigated by authorities as a possible act of terrorism. Four members of a Pakistanorigin Muslim family were killed and a nine-year-old boy suffered serious injuries when they were run down by a pickup truck Sunday evening. Police say the family was targeted because of their faith. The family moved to Canada from Pakistan in 2007. “Everyone is shocked in [Pakistan] because we saw the family picture, and so a family being targeted like that has had a deep impact in Pakistan,” the prime minister told the CBC‘s chief political correspondent Rosemary Barton in a virtual interview. “i think there should be a very strict action against this,” said imran of online radicalisation. “When there are these hate websites which create hatred amongst human beings, there should be an international action against them.”
the same. A poor man’s house is still being deprived of necessities.” The PPP chairman said that while the government was busy presenting “false facts” through the Economic Survey 2020-21 and claiming that the nation is flourishing, the government employees protested against inflation outside the parliament. “The people are now retaliating because they are aware of the puppet prime minister’s empty promises,” he said, adding, “They know it is imran Khan’s habit to talk big and do nothing. He is incompetent and has completely failed to provide relief to the common man.” Highlighting how the facts tell another story, Bilawal said that an anti-people budget “was expected” from the PTi government. “if the inflation rate, unemployment, and poverty figures have been historic during imran Khan’s tenure, how can the budget be public [friendly]?” he questioned.
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more inside
Islamabad, Riyadh for implementing decisions taken during PM’s Saudi visit STORY ON BACK PAGE
Covid-19 infects 1,194, kills 57 in a day: nCOC STORY ON PAGE 02 ONLINE RADICALISATION: While investigators have not yet determined if the killer, 20-year-old nathaniel veltman, participated in online activity that promoted extremism or violence, imran said the recent pattern of domestic terror in Western countries demands a heightened focus on online radicalisation. The perpetrators of other recent mass killings — such as the 2017 gun attack at a Quebec City mosque and the 2018 yonge Street van attack in Toronto — took part in online activities that are believed by investigators to have contributed to their radicalisation.
The prime minister said he has raised the issue with Prime Minister Justin Trudeau. He described Trudeau as a leader who understands the importance of fighting online hate and islamophobia, though he said other leaders have not yet made the same commitment. “The world leaders, whenever they decide upon taking action, this will be dealt with,” he said. “The problem is at the moment, there is not enough motivation and that some international leaders, or leaders in the Western countries, actually don’t understand this phenomenon.”
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Saudi Arabia to allow 60,000 vaccinated residents to perform Hajj STORY ON BACK PAGE in today’s issue
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