China committed to develop CPEC projects, expand economic coop

ISLAMABAD – Federal Minister for Finance and Revenue Miftah Ismail on Thursday said that China Pakistan Economic Corridor (CPEC) would play an important role in taking Pakistan’s economy forward as well as cementing the bilateral relationship between both the countries.
Ms Pangchunxue, Charge de Affaires of the Embassy of People’s Republic of China, called on Federal Minister for Finance and Revenue Miftah Ismail at the Finance Division. Minister of State for Finance and Revenue Dr Aisha Ghaus Pasha was also present in the meeting. Finance Minister Miftah Ismail extended warm welcome to the guest and highlighted deep-rooted friendship and brotherly relations between Pakistan and China. The Chinese Charge de Affaires assured full support and cooperation of Chinese government and said that China is committed to develop the CPEC projects under the vision of shared prosperity and it will further strengthen and expand economic cooperation between both the countries. Finance Minister Miftah Ismail and Ms. Pangchunxue expressed their plan for further enhancing the bilateral cooperation in various fields. In his concluding remarks, the finance minister affirmed full support and cooperation to Chinese investors and businessmen.
Meeting on tax related issues of IT and Telecom sector
Federal Minister for Finance and Revenue also presided over a meeting on the tax related issues of IT and telecom sector at Finance Division. Federal Minister for IT and Telecommunication Syed Amin-ul-Haq, Secretary IT & Telecom, Chairman PTA, Chairman FBR and other senior officers attended the meeting.
Federal Minister for IT and Telecommunication Syed Amin-ul-Haq apprised the finance minister on the contribution of IT and telecom sectors in the economic progress of the country and informed that currently IT and telecommunication sector is facing various issues related to taxation and requested for exemption/reduction in various taxes for ease of doing business for IT sector and survival of telecom sector in Pakistan. It was also shared that growth of IT and telecommunication not only contributes in increasing the exports but also in overall growth of GDP. The finance minister acknowledged the role of IT and telecommunication in overall economic development of the country and stressed that the present government is providing maximum incentives for expansion of IT and telecom sector and enhancement of IT and telecom related exports. Moreover, the finance minister extended all possible support to resolve issues related to various taxes on IT and telecom sectors for ease of doing business and facilitation of both the sectors in exports.
Meeting on PM Relief
Package through USC
Federal Minister for Finance and Revenue also presided over a meeting on PM Relief Package through Utility Stores Corporatio.
Federal Minister for Poverty Alleviation & Social Safety Ms Shazia Marri, Federal Minister for Industries and Production Syed Murtaza Mahmud, Secretary Finance, Secretary Industries and Production, Secretary Poverty Alleviation and Social Safety, Secretary BISP, Chairman NADRA and other senior officers attended the meeting.
The finance minister shared the commitment of the present government to provide maximum relief to the people from continuously rising prices especially to the poor. On the directions of the Prime Minister to provide immediate and substantial relief package to lower segments of the society through targeted subsidy, the finance minister invited the participants to present the pragmatic, highly effective and targeted subsidy proposals, in line with the vision of the Prime Minister. Federal Minister for Poverty Alleviation & Social Safety Ms. Shazia Marri and Federal Minister for Industries and Production Syed Murtaza Mahmud shared various proposals for harmonization/consolidation of multiple subsidies under one umbrella for better allocation of resources on household basis rather than individual basis.

| Charge de Affaires of Embassy of China calls on Miftah Ismail

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