Govt clubbing different taxes for ease of doing business: Hammad

News Image

MG News | February 03, 2019 at 05:15 PM GMT+05:00

February 3, 2019 (MLN): Minister of State for Revenue Hammad Azhar says the government is clubbing different taxes for ease of doing business which would be eventually reduced once the national economy is stabilized.

Talking to a private news channel, he said the previous government left a deficit of two thousand three hundred billion rupees due to which several economic sectors are under stress.

However, he said the financial support from friendly countries is improving the national economy.

The Minister said the government is committed to enhance textile exports in next five years. He said steps are being taken for revival of the industrial units which were closed due to mismanagement during the previous regimes.

Hamad Azhar said the fencing of Pak-Afghan border would help curb smuggling of various items which would save the national exchequer billions of rupees annually.

Related News

Name Price/Vol %Chg/NChg
KSE100 165,151.64
144.46M
-0.49%
-814.44
ALLSHR 100,160.64
444.98M
-0.49%
-488.40
KSE30 48,839.53
59.90M
-0.74%
-364.21
KMI30 237,910.57
79.44M
-0.58%
-1377.34
KMIALLSHR 65,000.12
239.08M
-0.50%
-328.80
BKTi 45,593.95
6.87M
-0.33%
-150.73
OGTi 33,310.97
3.20M
-0.61%
-205.95
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 81,430.00 82,290.00
81,135.00
-400.00
-0.49%
BRENT CRUDE 111.48 111.99
109.00
1.93
1.76%
RICHARDS BAY COAL MONTHLY 128.50 0.00
0.00
-1.05
-0.81%
ROTTERDAM COAL MONTHLY 147.10 147.10
147.10
0.00
0.00%
USD RBD PALM OLEIN 1,167.50 1,167.50
1,167.50
0.00
0.00%
CRUDE OIL - WTI 100.88 101.37
98.04
2.34
2.37%
SUGAR #11 WORLD 20.56 20.75
20.43
-0.01
-0.05%

Chart of the Day


Latest News
October 20, 2026 at 04:51 PM GMT+05:00

Pakistan promotes PASBAN scheme to boost formal remittances


October 20, 2026 at 04:32 PM GMT+05:00

Pakistan expands 5G to 24 cities after $509m spectrum auction


October 20, 2026 at 04:30 PM GMT+05:00

Punjab churns out Rs1bn plan to modernise dairy farms


October 20, 2026 at 04:23 PM GMT+05:00

Govt to keep EFS, curb misuse


October 20, 2026 at 04:18 PM GMT+05:00

Oil climbs to $111 as Middle East tensions escalate



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg