Minister of State Dr Ayesha Ghous Pasha explained that the tough decisions announced in the budget 2022-23.
Minister of State Dr Ayesha Ghous Pasha explained that the tough decisions announced in the budget 2022-23 were aimed at stabilizing the economy.
In such circumstances, she said, the government had tried its best not to pass on the impact of tough decisions and revenue measures to the common man.
She said the measures to enhance revenue were anti-inflationary, and the government had also increased allocation for the Benazir Income Support Programme (BISP), besides providing significant subsidy on inputs to promote the agriculture sector.
The relief measures in the agriculture sector would help the country attain self-sufficiency in commodities, she added.
Dr Pasha said additional taxes were imposed only on the wealthy people, in order to avoid further burdening the poor.
She said the world was passing through the super cycle of inflation and Pakistan was also not an exception, which was badly hit.
Miftah Ismail said in the BISP, the government had increased its share by 40% or Rs 100 billion.
He said Prime Minister Shehbaz had recently talked to the Indonesian president to lift ban on the import of palm oil import as it caused steep hike in its price to $1700 per ton in the international market.
The government, he said, had also proposed a package of Rs 20 billion for the promotion of seed oils, aiming to increase their production that would help reduce the external dependency for producing cooking oil.
The minister said in the budget 2022-23, the government proposed one percent tax on the properties held abroad by the local Pakistanis.
With respect to tax measures on personal...
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