Skip to content
  • Home
  • About us
  • Email US
  • Pakistan Tours
  • Umrah Packages
  • Pakistan Guide
Pakistan Travel & Culture

Pakistan Travel & Culture

Pakistan Travel & Tourism, culture, history and news articles.

Pakistan to Lower Taxes on Factories to Spur Growth – Shoukat Tarin

Posted on March 28, 2009 By Jamal Panhwar No Comments on Pakistan to Lower Taxes on Factories to Spur Growth – Shoukat Tarin

shaukat-tarinMarch 27 Pakistan plans to lower taxes on manufacturers and support farm prices in its upcoming budget 2009, aiming to expand the economy at an average annual rate of more than 6 percent over the next five years.

?This should give a boost to economic growth,? Shaukat Tarin, finance adviser to Pakistan?s prime minister, said in an interview yesterday. ?We would like growth to pick up gradually, on a strong footing and on a sustainable basis.?

Pakistan?s economy is deteriorating amid the highest interest rates in Asia, year-long political wrangling and the nation?s fight against Taliban militants. The government, which was forced to turn to the International Monetary Fund for a $7.6 billion bailout in November, is due to unveil its budget for the year starting July 1 in June.

?Creating demand through consumer lending is not our strategy,? Tarin, 55, said in the interview in the capital Islamabad. ?In the past seven years, the performance of agriculture and manufacturing has not been commendable.?

The government estimates farmers will harvest as much as 25 million tons of wheat in April, 2 million tons more than domestic consumption, he said. Pakistan has imported more than 2 million tons of the grain in the past year.

Record inflation prompted Pakistan?s central bank to increase its benchmark lending rate four times in 2008 to a decade high of 15 percent. Tarin predicts economic growth will slow to an eight-year low of 2.5 percent in the 12 months to June 30, from an average 6.8 percent in the past five years.

Like this:

Like Loading...

Related

General

Post navigation

Previous Post: Roosters at Hyderabad Birds Bazaar
Next Post: Text of 2nd address of President Asif Zardari to the Parliament

Related Posts

2016 Shandur Polo to be held from 29th July General
Hussain Agahi – A neglected shrine of Multan Archeology & History
Tourism in Pakistan back to normalcy General
Qatar and Pakistan launch new direct ship route General
Ambitious bus Service Connecting Birmingham to Kashmir Announced General
UNESCO To Launch 2010 Year For Rapprochement Of Cultures Archeology & History

Leave a ReplyCancel reply

  • About us
  • Advertise on our website
  • Email US
  • Hunza Valley
  • Pakistan Pictures
  • Privacy Policy
  • Writers Required
  • Advertisements
  • Airlines in Pakistan
  • Archeology & History
  • Articles
  • Books about Pakistan
  • General
  • gilgit-baltistan
  • Hajj & Umrah Packages
  • Images of Pakistan
  • International Travel Deals
  • Jobs in Pakistan
  • Life in Pakistan
  • Mountain Expeditions
  • Pakistan Art
  • Pakistan Business News
  • Pakistan Events/Conferences
  • Pakistan General News
  • Pakistan Hotels News
  • Pakistan News
  • Pakistan People
  • Pakistan Travel News
  • Pakistani Leaders Speeches
  • Pakistani News Cartoons
  • Pakistani Videos
  • Places in Pakistan
  • Scholarship Announcements
  • Scholarships
  • Science and Technology
  • Singers and Instuments
  • Sufis of Pakistan
  • WikiLeaks
  • Workingmen
  • Advertisements
  • Airlines in Pakistan
  • Archeology & History
  • Articles
  • Books about Pakistan
  • General
  • gilgit-baltistan
  • Hajj & Umrah Packages
  • Images of Pakistan
  • International Travel Deals
  • Jobs in Pakistan
  • Life in Pakistan
  • Mountain Expeditions
  • Pakistan Art
  • Pakistan Business News
  • Pakistan Events/Conferences
  • Pakistan General News
  • Pakistan Hotels News
  • Pakistan News
  • Pakistan People
  • Pakistan Travel News
  • Pakistani Leaders Speeches
  • Pakistani News Cartoons
  • Pakistani Videos
  • Places in Pakistan
  • Scholarship Announcements
  • Scholarships
  • Science and Technology
  • Singers and Instuments
  • Sufis of Pakistan
  • WikiLeaks
  • Workingmen
  • Pakistan India agree to Ceasefire All flights and airports open
  • Sukkur Airport will get international flights soon
  • Pakistan Travel and tourism sector likely to generate over $4b in revenue by 2025
  • Pakistan is ‘Number 1’ among the most beautiful countries in the world
  • Recent terrorism incidents to have adverse effect on Pakistan tourism

Copyright © 2025 Pakistan Travel & Culture.

Powered by PressBook Grid Blogs theme

 

Loading Comments...
 

You must be logged in to post a comment.

    %d