Macroeconomic stability top priority, Miftah tells businessmen

ISLAMABAD - Federal Minister for Finance and Revenue Miftah Ismail has said that the present government is focusing on achieving inclusive and sustainable economic growth by presenting a pro-people and business friendly budget.

He held a meeting with delegation of businessmen at Finance Division. Zubair Motiwala, Fawad Anwar, Mohammad Ali Tabba, Shahid Shoort and Zaki Bashir, Secretary Commerce, Chairman FBR and senior officers attended the meeting. Finance minister welcomed the businessmen and stressed that macroeconomic stability is the top priority of the present government and the government is focusing to ensure financial discipline through effective and welfare policies to achieve the economic growth level. He further said that the present government is aware of the issues of the business community and impediments in the expansion of economic activities in the country. He assured the businessmen that present government is committed to provide friendly environment to businessmen for the expansion of economic activities in the country.

The members of the business community presented various proposals for consideration in the Federal Budget 2022-23 and suggested measures for bringing in greater efficiency in various sectors. They also apprised about some issues related to taxation faced by business community in the country. The finance minister acknowledged the contribution of business community in the growth of economic activity in the country and commended the budgetary suggestions for various sectors of the economy. Finance minister further said that the present government focuses on achieving inclusive and sustainable economic growth by presenting a pro-people and business friendly budget; therefore, the suggestions of all stakeholders will be given due regard. Finance minister stressed the business community for enhancement of exports to achieve economic growth and stability in the foreign reserves. In other development, Wang Jie, Country Head and CEO, Bank of China Pakistan Operations called on Federal Minister for Finance and Revenue Miftah Ismail at Finance Division. Finance minister welcomed Wang Jie and highlighted deep economic and brotherly relations between Pakistan and China. He further lauded the contribution of Bank of China in financial and economic progress of Pakistan. Finance minister further assured him present government’s full support and cooperation. Wang Jie, Country Head and CEO, Bank of China Pakistan Operations briefed the minister on Bank’s portfolio and appreciated government’s support. The meeting also exchanged views on current international and regional economic situation. They also discussed Pakistan’s economy and policy to attract foreign direct investment. The CPEC also came under discussion and it was highlighted that the corridor will prove another milestone in cementing the bilateral economic and fraternal relations between Pakistan and China and bring prosperity for both the countries.

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