November 30, 2018 (MLN): The Federal Cabinet has decided to separate tax policy from revenue administration in line with the manifesto of Pakistan Tahreek-i-Insaf. To this effect, a committee has been constituted to work out legal and technical modalities.
According to a press release issued on Thursday, the Cabinet reiterated maintaining strict fiscal discipline in the country for the purpose of curtailing fiscal deficit and ensuring that the expenditures and revenue remain within the budgeted estimates.
The Cabinet also discussed in detail the issue of availability of surplus sugar stock in the country and the pending payments of the growers. It was decided to refer the matter to the Economic Coordination Committee of the Cabinet for detailed deliberations and proposing a workable solution to address the issue on priority basis. The Prime Minister reiterated during the meeting that the interests of the sugarcane farmers will be protected while resolving the issue of sugar mills.
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