Epaper – June 13 KHI 2021

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CMYK

13 June, 2021 I 2 Dhul-Qadah, 1442 I Rs 25.00 I Vol XI No 343 I 32 Pages I Karachi Edition

Tarin rules ouT chance of any mini-budgeT g

MiniSTER SAyS BuDgET FoCuSES on uPliFT oF PooR PEoPlE ISLAMABAD

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staff report

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.

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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 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,

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