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.