Govt clubbing different taxes for ease of doing business: Hammad

News Image

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

0:00

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 169,173.38
310.60M
-1.40%
-2405.93
ALLSHR 101,133.75
1,317.97M
-1.22%
-1244.19
KSE30 51,218.37
100.31M
-1.70%
-886.76
KMI30 242,294.52
122.14M
-1.55%
-3809.09
KMIALLSHR 65,386.84
484.36M
-1.28%
-850.18
BKTi 47,625.89
58.59M
-2.13%
-1037.06
OGTi 35,188.95
5.86M
-1.61%
-575.74
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 77,395.00 78,900.00
77,220.00
-1540.00
-1.95%
BRENT CRUDE 103.60 106.15
101.58
1.69
1.66%
RICHARDS BAY COAL MONTHLY 103.25 0.00
0.00
-0.75
-0.72%
ROTTERDAM COAL MONTHLY 102.10 102.10
102.00
-0.40
-0.39%
USD RBD PALM OLEIN 1,175.00 1,175.00
1,175.00
0.00
0.00%
CRUDE OIL - WTI 94.60 97.22
92.33
1.64
1.76%
SUGAR #11 WORLD 13.88 13.98
13.73
0.07
0.51%

Chart of the Day


Latest News
April 23, 2026 at 03:23 PM GMT+05:00

MCB Bank profit falls 11%, declares Rs9 dividend


April 23, 2026 at 03:16 PM GMT+05:00

PSX to hold Sukuk Auction on April 28


April 23, 2026 at 03:03 PM GMT+05:00

INIL earnings surge 2.7x in 9MFY26


April 23, 2026 at 02:39 PM GMT+05:00

SBL reports 16% profit growth in 1QCY26


April 23, 2026 at 02:10 PM GMT+05:00

Bank Alfalah earnings surge 55%, dividend declared



Top 5 things to watch in this week

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