Latest news with #RevenueMobilisation
Business Recorder
5 days ago
- Business
- Business Recorder
REMIT Programme: Commitment reaffirmed to continue collaboration
ISLAMABAD: A meeting of the Steering Committee of the Foreign, Commonwealth and Development Office (FCDO)'s Revenue Mobilisation, Investment and Trade (REMIT) Programme was convened Tuesday at the Ministry of Finance under the chairmanship of Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, said a press release issued on Tuesday. The meeting was co-chaired by Jane Marriott, the British High Commissioner to Pakistan. The session brought together senior officials from the Ministry of Finance, Federal Board of Revenue (FBR), Ministry of Commerce, officials from stakeholder ministries and departments, as well as, representatives from the British High Commission and the FCDO. During the meeting, updates were shared on various initiatives under REMIT's support in multiple areas, including technical assistance to Pakistan for the implementation of IMF commitments, progress on GST harmonization, climate and disaster budget tagging in the provinces, regulatory reforms at the provincial level, trade liberalization, industrial policy, and effective communication of economic reforms. The Finance Minister appreciated the progress made on reform initiatives across the taxation, investment, trade, and macroeconomic portfolios. He particularly commended the work on Compliance Risk Management and the steps taken to improve the taxpayers' interface with the Federal Board of Revenue (FBR), as well as, the regulatory and tariff reforms that will help drive Pakistan's economic growth. He also highlighted the importance of a coordinated short-, medium-, and long-term approach to attracting investment to Pakistan as a direct outcome of the ongoing economic reform efforts. The Finance Minister stressed the vital importance of establishing an enabling and conducive regulatory environment to instil confidence among both local and international investors seeking to invest in Pakistan. He observed that investors primarily look for reduced taxation, lower energy costs, affordable financing, and supportive regulatory frameworks. While the government is making determined efforts to address challenges related to taxation, energy, and financing, he noted that creating a facilitative and business-friendly regulatory environment is comparatively easier, as it lies within our own control and can be achieved through commitment, diligence, and sincerity of purpose. Jane Marriott reaffirmed the UK Government's commitment to supporting Pakistan in achieving its economic reform objectives, emphasizing that the REMIT Programme remains a key platform for advancing fiscal, trade, and investment reforms in close collaboration with federal and provincial stakeholders. The meeting concluded with both sides reaffirming their commitment to continued collaboration under the REMIT Programme to strengthen Pakistan's economic foundations and to accelerate reforms that will lead to sustainable economic growth. Copyright Business Recorder, 2025
Express Tribune
30-04-2025
- Business
- Express Tribune
E-waste recycling plan unveiled
Listen to article The government's Technology Upgradation and Skill Development Company (TUSDEC) has unveiled its strategy for an Electronic Waste (E-Waste) Metal Recycling project in Gujranwala, aimed at addressing environmental challenges. A meeting was chaired by Haroon Akhtar Khan, Special Assistant to the Prime Minister, with TUSDEC on the 30th of April, 2025, to review progress on a six-point agenda. The meeting featured significant deliberations on key areas related to technological advancements and industrial development. During the meeting, TUSDEC presented its strategy for the Electronic Waste (E-Waste) Metal Recycling project in Gujranwala. Haroon Akhtar Khan emphasised that metal recycling will play a crucial role in combating pollution in the country. TUSDEC will provide services in the separation of ferrous and non-ferrous metals, which is expected to improve environmental management. In addition, proposals for testing water quality without the use of bore wells were discussed, with a view to ensuring safer water sources for the country. Comprehensive industrial policy In a meeting held today, the Special Assistant to the Prime Minister, Haroon Akhtar Khan, engaged with the Revenue Mobilisation, Investment, and Trade Programme (REMIT) to discuss key elements of Pakistan's upcoming Industrial Policy. During the meeting, Haroon Akhtar Khan emphasised the importance of the industrial policy, stating, "We are about to introduce an industrial policy that is critical for addressing the challenges faced by the industrial sector."
Business Recorder
30-04-2025
- Business
- Business Recorder
Pakistan to introduce industrial policy focused on growth, exports: Haroon Akhtar
Special Assistant to Prime Minister, Haroon Akhtar Khan on Wednesday said the government would soon introduce an industrial policy critical for challenges faced by the industrial sector. According to a statement from the Ministry of Industries and Production, Haroon Akhtar said that in a meeting with the Revenue Mobilisation, Investment, and Trade Programme (REMIT), which was held to discuss key elements of Pakistan's upcoming industrial policy. During the meeting, Haroon Akhtar Khan emphasised the importance of the industrial policy, stating, 'We are about to introduce an industrial policy that is critical for addressing the challenges faced by the industrial sector'. 'This industrial policy will empower industrialists and contribute to the growth of Pakistan's economy, enabling a more competitive industrial landscape,' he added. He said the government was working towards formulating a comprehensive industrial policy. 'Our industrial policy will be export-oriented, with a focus on ensuring the global competitiveness of Pakistani industries,' Haroon Akhtar said.
