‘We need to work as a team to boost Pakistan’s economy’: Hafeez Sheikh

Adviser to Prime Minister on Finance, Dr Abdul Hafeez Sheikh that after the Coronavirus situation, exports began to increase and the Federal Bureau of Revenue (FBR) taxes have been improved.

Speaking to media officials at the Pakistan Stock Exchange (PSX), Dr. Abdul Hafeez Sheikh said that Pakistan is currently the best market in Asia.

Everyone knows the problems of the country, but we have to put together the best team, bringing new tools to improve Pakistan’s and boost investment,” he said.

Sheikh also added that they want to give autonomy to the institutions, the budget was increased despite reducing government expenditure and the government is giving subsidy on electricity, gas, tube well and fertilizer.

“If the sales tax refund is not paid within 72 hours, contact me,” he added.

The finance adviser said the government was criticized for correcting the exchange rate policy. However, exports began to surge after the pandemic crisis and FBR tax revenues have been improved.

Abdul Hafeez Sheikh said subsidy is being provided to 90 percent consumers of gas and at utility stores to provide relief to general public.

He further added that we will work together and take full advantage of the potential of the country’s economy, find new markets for Pakistani products. Together we will meet the expectations of the Pakistani people, Hafeez Sheikh said.