No more increase in power tariff: Tarin
Finance minister says govt won’t levy taxes on those who are already paying taxes: Tax evaders will be sent to jails
Shaukat Tarin delivering his speech.
Finance Minister Shaukat Tarin has said there will be no increase in power tariff, vowing that an inclusive and sustainable growth over a long period of time is his government’s policy, reported 24NewsHD TV channel.
Addressing a budget webinar in Islamabad on Sunday, the finance minister said when the PTI government took power; our economy was going through a crisis. However, Prime Minister Imran Khan took big decisions in a bid to revive the economy, he added. He said the government took special steps to appreciate the value of the rupee.
Tarin blamed Covid-19 pandemic for posing threat to the government’s efforts regarding economic revival. He said despite the corona onslaught, the government promoted the construction sector and revived more than 40 industries linked to this sector.
The finance minister said besides the resurgence of the economy, there was an improvement in tax collection and foreign exchange reserves.
He said achieving the objectives of sustainable growth was his government priority. He said economic experts were consulted for devising strategies for economic progression.
He pointed out that it was pivotal to increase exports for the resuscitation of the economy. He said the top most priority of his government was to bring about improvement in the energy sector. However, the minister vowed that there would be no increase in power tariff in the future.
Tarin said that the government had succeeded in increasing revenues, adding that this year the government collected a record Rs4,000 billion revenue. He, on the other hand, said that the government was trying to reduce the circular debt.
The finance minister promised steps to improve the agriculture sector in the next budget. He touted that due to the farmer-friendly policies of the government, the agricultural sector was growing.
Tarin said no more taxes would be levied on those who were already paying taxes. But he struck a harsh tone for tax evaders saying they would be sent to jails. He said with the help of new technology and through electricity bills, the tax evaders would be caught.