Prime Minister Mir Hazar Khan Khoso on Friday directed the Ministry of Finance to allocate substantial funds for agriculture, energy, health and education sectors in the next budget and come up with recommendations to broaden the tax base.
The premier issued these directives during a presentation given by the Ministry of Finance on the state of the economy and the preparation of budget for the next financial year at the PM House.
Khoso said Pakistan was blessed with huge resources and it was up to us to exploit its potential for the progress and welfare of the people of the country.
He also directed the Ministry of Finance to further streamline the procedure for remittances so that overseas Pakistanis can send money back home conveniently.
This, he said, would also lead to increase in the amount of remittances, which is presently estimated to reach $14 billion.
The PM was told that due to satisfactory performance shown by the agriculture sector in the past few years, the Consumer
Price Index (CPI) has remained in the single digit.
He directed more emphasis on agriculture sector because he said it had the potential of addressing the issue of unemployment as well as enhancing the rate of economic growth.
The meeting was attended by Adviser to Prime Minister on Finance Dr Shahid Amjad Chaudhry and senior officials of the finance ministry, Planning Division and PM Secretariat.
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