Hammad Azhar, Federal Minister for Industries & Production said tough decisions to stabilize economic growth have heralded good news for the country.
The government when it came to power, had to make tough decisions in order to get the economy in to the right direction, Hammad Azhar said
The Federal Minister further added that fortunately, the decision has brought good news for the economy of the Financial Action Task Force (FATF) grey list, which the country has been struggling to crawl out of.
Hammad Azhar hoped that Pakistan will soon come out of the grey list and earn economic growth. He said that the government’s prime focus, other than to get Pakistan out of FATF grey list, was tax revenues which run the country.
The tax income recorded a loss of Rs1 trillion in the preceding year, “The year before coronavirus outbreak, we received Rs1 trillion less than the tax target.” He said
The Federal Minister also said that in order to handle the wheat crisis and meet the demand for the essential commodity, the government is looking forward to importing 1 million tonnes of wheat.
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