Minister for Petroleum Musadik Malik on Sunday mentioned that in response to each inner and exterior financial indicators, the nation’s “economic system is on course”.
In an interview with Geo Information programme Naya Pakistan with Shehzad Iqbal, he mentioned that pleasant nations and worldwide financial establishments such because the IMF and World Financial institution have supplied optimistic indicators about Pakistan’s financial trajectory.
He added that inner financial indicators additionally mirrored this optimism, with the inventory market breaking records.
“This not solely signifies restored exterior confidence, but additionally an enchancment in inner investor and enterprise confidence,” Malik claimed.
He added that delegations from overseas international locations had been visiting Pakistan, which demonstrated the soundness of the nation’s economic system.
The petroleum minister underscored the significance of increasing the federal government’s tax base, noting that the burden at the moment falls disproportionately on salaried people. “These [who do not pay taxes] will likely be introduced into the tax web, he mentioned.
He additionally mentioned efforts to curb gasoline and electrical energy theft, mentioning {that a} complete plan has been developed to deal with this situation.
Concerning overseas funding, Malik mentioned that the federal government will prioritise the personal sector.
“I need to make it completely clear that this revolution must be caused by the personal sector. On behalf of the PM, I have to say that this shall be led by the personal sector,” he mentioned.