Miftah offers tax breaks to multinational companies if they help spur exports
Hopes turnaround in country’s economic situation very soon
May 20, 2022 11:54 AM
Federal Minister for Finance and Revenue Miftah Ismail has offered tax breaks to multinational companies operating in Pakistan if they help spur exports also, reported 24NewsHD TV channel.
In a couple of tweets posted on Friday, Miftah Ismail promised tax incentives if the multinationals present him a plan to increase exports.
“I am truly grateful to all the foreign multinationals that operate in Pakistan, pay a large amount of taxes, provide employment and bring in technology. However I request all of them to present to me a plan to export out of Pakistan also. I will give them tax breaks for that.”
https://twitter.com/MiftahIsmail/status/1527507605781897216
In another tweet, the finance minister expressed the hope that the country would see a turnaround in economic situation very soon.
He said “The Current Account Deficit for April came in at $623 million, less than half the average for the first 9 months of the fiscal year. This is a very good sign for external stability. With positive IMF talks underway, we expect a turnaround in the economic situation very soon.”
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