ISLAMABAD: Federal Information Minister Fawad Chaudhry on Tuesday said that tomorrow is an important day for Pakistan Tehreek-e-Insaf as party is going to present its ‘Economic Agenda& before people.Taking to twitter, minister stated that in initial five months of government focus was on to address disastrous economic policies ruining...
ISLAMABAD: Federal Information Minister Fawad Chaudhry on Tuesday said that tomorrow is an important day for Pakistan Tehreek-e-Insaf as party is going to present its ‘Economic Agenda& before people.Taking to twitter, minister stated that in initial five months of government focus was on to address disastrous economic policies ruining country and to mitigate financial mess preceding governments have created.The PTI is now giving its 'Economic Vision' and 2019 is year of achieving those targets, he added.Minister for Finance Asad Umar is going to unveil mini-budget that is called supplementary finance bill and macroeconomic framework before Parliament tomorrow (Wednesday).The government, sources said, decided to reduce and abolish RD on 150 items at least against 250 items recommended by Ministry of Commerce for waiving off RD on items related to industries including raw fabrics on electronics, engineering, chemicals and other sectors.It is proposed that slab of 21 percent shall be brought down to 20 percent, 16 percent to 15 percent, 11 percent to 10 percent and 6 percent to 5 percent through upcoming finance bill.On income tax side, government is going to supply exemption of income tax for banking sector on provision of loan for low cost housing in country in coming supplementary finance bill.
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