Islamabad
\nChairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Wednesday that an increase in tax revenue in proportion to the size of the economy and the restoration of the energy sector is necessary to run the economy.
\nHe said that Pakistan\u2019s economy has been shrinking for many years, investment is waning, and the tax system is not robust enough to support the country\u2019s operations.
\nMian Zahid Hussain said that the tax system must be modernized and automated, the concept of filer and non-filer should be eliminated, and everyone should be legally obliged to file tax returns.
\nThe veteran business leader spoke to the business community and said the government should reduce its expenditures. Otherwise, all measures aimed at economic recovery will be ineffective.
\nThe business leader said useless ministries should be abolished, in which the most corrupt departments should be given priority.
\nHe added that the departments that could not be closed should be merged with other departments and that the practice of creating unnecessary ministries should be stopped.
\nMinistries created to please politicians should be shut down, and the sale of failed state-owned companies should no longer be delayed.
\nMian Zahid Hussain said that more than twenty million youth are unemployed in the country. Still, there are Ministries of Youth Affairs doing nothing.
\nThe Civil Aviation Authority should be brought under the Ministry of Defense again; otherwise, its fate will be like that of the PIA.
\nHe said the government\u2019s decision to abolish the Public Works Department is right. Still, the Ministries of Works should also be abolished.
\nAfter the 18th Amendment, there is no justification for keeping the ministries of the provinces in the center and spending billions of rupees on them, so they must also be abolished.
\nMian Zahid Hussain said that the government is trying to bring economic stability to the country. The substantial decline in inflation, increase in exports and remittances, improvement in agricultural production, and current account surplus speak volumes about the improved performance of the government and SIFC.
\nHowever, political instability is not ending. Improving the country\u2019s conditions is not only the government\u2019s responsibility but also the duty of all leaders.
\nTherefore, the opposition should also play a positive role by abandoning the policy of increasing political instability in the country. They can only remain in politics if there is a country where they can play their politics.<\/p>\n","protected":false},"excerpt":{"rendered":"
Islamabad Chairman of National Business Group Pakistan, President Pakistan Businessmen and Intellectuals Forum, and All Karachi Industrial Alliance, and former provincial minister Mian Zahid Hussain said on Wednesday that an increase in tax revenue in proportion to the size of the economy and the restoration of the energy sector is necessary to run the economy. […]<\/p>\n","protected":false},"author":2,"featured_media":411125,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-411096","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-business"},"yoast_head":"\n