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Mobile calls, internet data and SMS will not be taxed: Finance Minister Shaukat Tareen.

Mobile calls, internet data and SMS will not be taxed: Finance Minister Shaukat Tareen
ISLAMABAD: Federal Minister for Finance Shaukat Tareen has said that the Prime Minister and the Cabinet have opposed the imposition of tax on mobile calls, internet data and SMS, after which all of them are not being taxed.

According to details, Finance Minister Shaukat Tareen while addressing a post-budget press conference in Islamabad said that the Prime Minister and the Cabinet have opposed the imposition of tax on mobile calls and internet data, on which these proposals are now being scrapped. Shaukat Tareen said that the budget had proposed a tax of one rupee per call for more than 3 minutes which is now being scrapped. He further said that internet data, mobile phone calls and SMS will not be expensive.

Shaukat Tareen said that we have presented the growth budget yesterday and our challenge is to stabilize the growth, we have to earn dollars by increasing exports, next financial year we will collect additional tax of Rs 500 billion while electricity and gas bills. Will reach the non-filer via

He said that big retailers have sales of Rs 1,500 billion, sales tax has to be levied on all big stores, consumers will be rewarded if they get a slip, such successful schemes have come up in Turkey and other countries.

The Finance Minister said that the poor in the country have not received loans and training for 70 years, the farmers younger than 70 years have not received anything, loans will be given from commercial banks to small welfare banks, in the first phase to 4 million people. We will provide employment and give Rs. 1.5 lakhs to small farmers while also giving lists of small farmers and poor to banks, loans up to Rs. 20 lakhs for their roof and loans to poor farmers up to Rs. 5 lakhs. ۔

He further said that Pakistan has become a food deficient country, now we are importing what we used to export, we are also importing pulses, wheat and sugar, we did not pay attention to our crops, now we will pay attention to it. ۔

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The government has announced a minimum wage of Rs 20,000 in the country.

Budged 20212022

In the budget 2021-22, per capita income increased by 15%, according to which the minimum wage has been announced to be Rs 20,000 per month.

According to details, Federal Minister for Finance Shaukat Tareen is presenting the budget in a meeting chaired by Speaker National Assembly Asad Qaiser in which he has announced to raise the minimum wage of workers in the country to Rs 20,000.

Per capita income increased by 15% according to which it has been decided to increase the minimum wage to Rs. 20,000 per month. Federal government employees will be provided 10% ad hoc relief. Pension of all pensioners will be increased by 10%. It has been increased from Rs 14,000 to Rs 17,000.

In addition, in the new financial year 2021-2022, a subsidy of Rs 682 billion was given to the people.

It may be recalled that the federal government of Pakistan Tehreek-e-Insaf (PTI) presented the budget for the financial year 22-2021 in the National Assembly. The total volume of the budget is Rs. 8,487 billion.

In the budget for the next financial year, the federal development budget has been allocated Rs 900 billion, Rs 1,373 billion for defense, Rs 3,060 billion for interest payments and Rs 160 billion for pensions and Rs 1,186 billion for provinces under NFC.

Rs 1373 billion has been allocated for defense. 178 billion for public order, Rs. 43 crore for environmental protection, Rs. 28 billion for health, Rs. 10 billion for entertainment, culture and religious affairs.

The budget document, Rs 3,060 billion has been allocated for interest payments.

The budget document, the provinces will be given Rs 1,186 billion under the NFC and Rs 100 billion will be allocated for dealing with emergencies.

According to the budget document, Rs 160 billion has been allocated for salaries and pensions.

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ISLAMABAD: The world’s largest financial institution JPMorgan has declared Pakistan as a better country for investment.

JP Morgan

According to the details, the world’s largest financial institution JP Morgan has released its report in which Pakistan has been declared as the best country for investment and it has been said that this year Pakistan’s GDP will be 4.7% and there is no risk factor in government securities. Is equal to

The JPMorgan report said that the rate of return in Pakistan will be 8.25% by 2024. The current account deficit in the GDP ratio will continue to decrease due to which there is a risk of inflation in food items including reduction in remittances.

On the other hand, Minister of State for Information and Broadcasting Farrukh Habib said in a statement on social networking site Twitter that JP Morgan, the world’s largest financial institution, in its report asked its investors to invest in Pakistan. Are

Farrukh Habib said that JP Morgan has predicted Pakistan’s GDP growth rate of 4.7 in 2021 and said that next year the economic volume will be 9 329 billion.

JP Morgan, the world’s largest investment financial institution, has released a report urging investors to invest in Pakistan. Economic conditions are improving here. JPMorgan forecasts Pakistan’s GDP growth rate to be 4.7 in 2021. Is.
Next year, the economic volume will be 9 329 billion.

The Minister of State added that JPMorgan had predicted Pakistan’s budget deficit to be 7.1% this year and 5.9% next year, bringing Pakistan’s debt-to-GDP ratio to 81.6% in 2020. Was 87.6.

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ISLAMABAD: It has been decided to allocate Rs 100 billion for successful youth program in the new financial year budget.

Jawan Program

According to details, Finance Minister Shaukat Tareen had a meeting with Usman Dar and discussed the allocation of significant amount for youth in the next budget.

Deciding to allocate Rs. 100 billion for successful youth program, it was said that Rs. 100 billion would be distributed for micro business this year.

The two leaders agreed to achieve the targets by 2023 in the next financial year itself and four different categories were decided for the distribution of funds.

It was decided in the meeting that the government would provide Rs. 1 lakh to 5 crore. Shaukat Tareen said that the process of distribution of money among the youth should continue uninterruptedly.

Finance Minister said that the successful youth program is a flagship project and will meet the expectations of the youth.

On the occasion, Special Assistant Usman Dar said that the successful youth program achieved the first target of distribution of Rs 10 billion. The distribution of Rs. 100 billion will be expedited.

The usman dar said that he was grateful for the personal interest and efforts of the Finance Minister. He directed the Prime Minister to take steps to uplift the youth who are investing directly in their youth.

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ISLAMABAD: Leading American magazine has acknowledged Pakistan’s prudent policies to keep the economy stable during the corona crisis.

Pakistan Economic Grow

The federal government has taken decisions like Smart Lockdown, Money Lockdown and Micro Lockdown to keep the economy afloat even during the worst of the Corona virus, so as not to affect public employment and deal with the epidemic.

The steps taken by Pakistan during the epidemic situation have also been praised by the American magazine Forbes. The American magazine said that the efforts made to combat the epidemic and the success of the IMF program show the possibility of 4% increase in GDP happens.

Keep in mind that Pakistan’s current GDP is 3.94.

Forbes Magazine reported that at a time when countries like the United States and India were having difficulty dealing with the corona virus, Pakistan was able to revive its economy.

The American magazine said that up to 2.21 shares were traded on the Pakistan Stock Exchange last week, which is the highest buying and selling of the stock market in history.

The citing Governor State Bank of Pakistan Baqir raza the magazine said that Pakistan’s GDP grew exponentially due to flexible fiscal and monetary policies. The SBP also provided a relief package of an immediate reduction of 625 points in the policy rate, which was 5% of the total GDP.

To said raza baqir due to prudent fiscal and monetary policies of the government, the debt has not increased in terms of GDP while the inflation rate is likely to remain at 7-9%.

According to the American magazine, the government managed to turn the current account deficit of 19 19 billion into a surplus of 900 million and the foreign exchange reserves have also increased from ڈالر 2.7 billion to 16 16 billion.

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ISLAMABAD: The Atomic Energy Commission in collaboration with the Punjab Agriculture Board has developed two new varieties of soybeans.

Soybeans

According to the details, the Pakistan Atomic Energy Commission has succeeded in developing new varieties of soybeans. In this regard, the spokesperson of the Atomic Energy Commission said that the proposed varieties also have better immunity against diseases.

The spokesman said that the Atomic Energy Commission had started research on soybeans in 2015 in collaboration with the Punjab Agriculture Board.

Shahid Riaz Khan said that Chairman CEO Punjab Agriculture Board visited Faisalabad and also observed the field trials proposed in these institutions.

He said that for better production, soybean can be cultivated and then maize can be cultivated in the agricultural system.

He added that Pakistan imports ایک 1 billion worth of soybeans to meet its needs. After cultivating these varieties of soybeans, there will be significant foreign exchange savings.

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Economic Cooperation Organization ECO.

Economic Cooperation Organization

In 1985, Pakistan, Iran and Turkey founded the organization. As a result of the fall of the Russian Empire in 1992, seven independent Islamic countries joined the organization, as if ten countries were members. Pakistan Iran Turkey Afghanistan Uzbekistan Tajikistan Kyrgyzstan Azerbaijan Turkmenistan
The organization aims to promote trade and economic development among member countries.

As the field of education improves in Islamic countries. Contacts between the member countries of the Organization and mutual diplomacy have seen progress towards economic trade and defense.

Pakistan, Iran and Turkey need and are trying to increase the pace of cooperation and development in the member countries. It is certainly a welcome thing for the 10 members to agree and come together on foreign policy.

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Great news for Pakistan bananas.

Economic

According to the Ministry of Commerce of Pakistan, Pakistani food packets will be available at the stores of Kroger USA, the largest food retail store in the United States.
Kruger has 2742 food stores in the United States.
In which only good and excellent quality food packets can be sold. It is certainly a great pleasure for Pakistani food products to be sold in the United States.
People who keep calling Pakistan and their own siblings bad.
They should adopt positive thinking. We congratulate the officers of the Ministry of Commerce and Mr. Razzaq Dawood. Who are working tirelessly. And give thanks to Allah Almighty.
Pakistan Zindabad

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ISLAMABAD: Export of Sindhri mango to China will start from June 10.

Sindhri Mangoes

According to details, Trade Adviser Abdul Razzaq Dawood in his message on social networking website Twitter said that now Sindhri mangoes will be exported to China. Sindhri mangoes will be exported from Pakistan to China from June 10. China is an important market for our high quality mangoes. The make most of the vast opportunities in China.

It may be recalled that a few days ago, the All Pakistan Fruit and Vegetable Exporters Association, while announcing the mango export target for the current season, had said that a target of 1.5 million tonnes has been set for the export of mango this season. Pakistan will receive 127.5 million in foreign exchange.

Last year, the target was set at 80,000 tonnes, taking into account the economic impact of the Corona epidemic and the logistics challenges, but exports stood at 140,000 tonnes, generating 120 million in foreign exchange.

Waheed Ahmed said that Pakistan’s Rs 100 billion mango industry is facing the effects of climate change and water scarcity.
Way of other hand, airlines have restricted flights, banned flights and imposed heavy freight on exports by air. Export costs are rising due to

It should be noted that 55% of mangoes are exported from Pakistan by sea, while 25% are exported by land and 20% by air.

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ISLAMABAD: For the first time in the history of the country, the collection of Rs 4,000 billion is a reflection of the steps taken by the present government to revive the economy.

PM Imran Khan

According to the details, FBR made history by collecting Rs 4,000 billion for the first time. Prime Minister Imran Khan in his message on social networking website Twitter said that he appreciates FBR for collecting Rs 4,000 billion in a year. The FBR receipts from May to May are Rs 4,143 billion. The FBR receipts have increased by 18% this year.

It may be recalled that in March 2021, the Federal Board of Revenue collected record taxes in the first nine months of this year and the Prime Minister appreciated the performance of the FBR on this achievement.

The first nine months of the year, the FBR collected Rs 3380 billion in taxes from July to March, an increase of 10 per cent over the previous year. The FBR had collected Rs 460 billion in March, an increase of 41 per cent.

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