CPEC to integrate region, increase connectivity: Asad Umar

MG News | April 08, 2019 at 04:24 PM GMT+05:00

0:00

April 8, 2019 (MLN): Finance Minister Asad Umar has said that trade will be promoted in the region to fasten the pace of economic development. He said China-Pakistan Economic Corridor (CPEC) will integrate the region and increase connectivity.

He said enforcement capacity of the FBR will be increased in order to bring more and more people into tax net. Asad Umar said the system of FBR is being linked with NADRA for easier exchange of information.

Asad Umar said in the next budget Supplementary Grants will be abolished and a new law of Public Finance Management will be introduced.

He regretted that saving rate of the country is very low in the whole region, and said that saving culture will be promoted in order to increase investment and economic development.

Related News

Name	Price/Vol	%Chg/NChg
KSE100	158,587.36 175.63M	0.40% 633.89
ALLSHR	97,115.96 395.88M	0.39% 374.75
KSE30	48,452.50 81.29M	0.53% 253.56
KMI30	234,116.80 47.31M	0.61% 1422.64
KMIALLSHR	65,266.78 205.18M	0.37% 239.65
BKTi	42,709.94 63.00M	0.52% 220.39
OGTi	31,909.53 2.04M	0.41% 130.17

Symbol	Bid/Ask	High/Low

Name	Last	High/Low	Chg/%Chg
BITCOIN FUTURES	117,150.00	117,795.00 116,905.00	-620.00 -0.53%
BRENT CRUDE	67.32	67.57 67.32	-0.12 -0.18%
RICHARDS BAY COAL MONTHLY	84.00	0.00 0.00	-0.40 -0.47%
ROTTERDAM COAL MONTHLY	94.00	94.50 94.00	0.45 0.48%
USD RBD PALM OLEIN	1,106.50	1,106.50 1,106.50	0.00 0.00%
CRUDE OIL - WTI	63.09	63.35 63.09	-0.17 -0.27%
SUGAR #11 WORLD	16.13	16.27 15.89	-0.14 -0.86%