Tuesday, August 9, 2022
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Government to formulate 60 day plans to boost economy

Peshawar: According to a recent news report, the federal government had announced the decision to direct all provinces to formulate 30 to 60-day strategies to boost the country’s economic activities and increase exports.

Read More: Pakistan to develop blue economy strategy

According to details, the federal government has agreed to give tax breaks to the poultry industry, reopen pink salt mines, cut fees for tech firms, and establish a joint forum with Afghanistan to encourage medical tourism, among other things, to raise exports.

In terms of imports, participants in the marble industry will be licenced, and the government will assist them in selling and importing marble, as well as providing them with allowances based on their annual output.

The government intends to eliminate import customs duties on poultry feed and refund taxes on local poultry and chicken processing, bases, exports, and use.

Read More: Pakistan economy to grow by 1.5%, banking sector’s outlook to remain stable Moody’s

In terms of economic reforms, a new system for rice production will be conceived, and departments responsible have been directed to establish special laboratories for fruits and vegetables to increase seed production and quality in order to fulfil the country’s food needs.

For more details, visit our website Property News.

 

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