Information Technology related exports have increased almost by one hundred percent over the last four years
According to officials, currently the IT Exports of Pakistan stand at 2.9 billion dollars as against the 1.4 billion dollars recorded in 2013.
The officials said Pakisan Software Export board is aiming to cross six billion dollars marks in IT exports in the next couple of years. The target will be achieved by registering new companies and by creating new opportunities for entrepreneurs and companies to develop new products and services for export purposes. A software technology park is also being established in the federal capital with the cooperation of Korean Exim bank in order to fully exploit the potential of the sector. Meanwhile, The State Bank of Pakistan has decided to facilitate software exporters by reviewing instructions related to the export of software and removing hurdles.
Government expresses confidence that the measures announced in the budget will enhance the welfare and prosperity of the general public
Presiding over a meeting in Islamabad yesterday, Finance minister Ishaq Dar said the tax measures proposed in the budget for the next fiscal year will enable Pakistan to achieve higher, sustainable and inclusive economic growth. The government will welcome all constructive and positive suggestions regarding the budget from parliamentarians during the ongoing budget session in Parliament. The Minister urged Federal Board of Revenue to take all necessary measures to meet the tax collection target for the current financial year.
The Lahore Chamber of Commerce and Industry terms Punjab budget for the next fiscal year relief-oriented for people
In a statement, LCCI President Abdul Basit said allocation of hefty amounts for energy and agriculture is a good omen. Elimination of double taxation, broadening the tax net and cut in discretionary powers of the tax collection machinery is the right step of the Punjab government. Allocation of huge funds for maintenance of law and order in the province is a proof that the provincial government is serious to improve law and order situation.
Govt to promote livestock sector in Balochistan
The provincial government is utilizing all available resources to promote Livestock Sector in Balochistan in order to make province self-sufficient in production of meat and dairy products. An official of Provincial Livestock Department told Radio Pakistan, veterinary hospitals are being constructed in various areas of the province at a cost of Rs 500 million. Besides, construction of a research centre for dairy development in Bela area of Lasbela district is in progress at a cost of more than Rs 63 million.
Host: Zubair Munawar