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Reforms needed in Energy Sector: Asad Umar

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LAHORE, Pakistan: The Federal Minister for Finance Asad Umar on Monday stressed the need to introduce reforms in Energy Sector.

In his address at a Ceremony of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) in Lahore, the minister said net metering system had been introduced in the Federal Capital and it would be replicated in other parts of the Country as well.

Asad Umar said the industrial sector had an important role in the economy, and steps were being taken to address their problems including those relating to energy.

The minister said the businesses and investors would be fully facilitated to bolster the Country’s exports. He also assured that a simplified procedure of tax returns for individuals and entrepreneurs would be introduced in the current year.

The finance minister said they would also recognize the top taxpayers, and a Ceremony in that regard to be chaired by Prime Minister Imran Khan would be held to encourage the people to come in the tax net.

Moreover, he said Special Economic Zones (SEZs) would be set up under the multi-billion dollars China-Pakistan Economic Corridor (CPEC) project. He said the Economic Coordination Committee (ECC) at its meeting on February 5 would deliberate upon early operationalization of those SEZs.

Mati
Mati-Ullah is the Online Editor For DND. He is the real man to handle the team around the Country and get news from them and provide to you instantly.

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