Finance Minister Shaukat Tareen has said that Pakistan needs to create 2 million jobs every year. The government wants to spend 6 6 billion on major infrastructure projects in the next financial year. Increasing revenue is our target.
He expressed these views in an interview with foreign media. He said the government wants to spend 6 6 billion on major infrastructure projects in the next financial year to boost employment and growth.
He said that God willing, if the situation created by Corona improves, we will try to increase it from 4.5 to 5 percent in the next financial year and 6 percent in 2022 to 2023.
“Given the size of the country and the presence of about 110 million young people, there is a need for increased economic growth and 2 million jobs a year. If we do not move towards growth, we could face a major crisis,” he said.
“First we have to collect more revenue. In the current financial year, the revenue target has been set at Rs 4,700 billion. In the next financial year, the revenue target will be set at Rs 6,000 billion. If we do not increase revenue, then the economy will grow,” he said. You have to forget the facilities to give.
Regarding the negotiations with the IMF, the Finance Minister said that our position is that we can achieve the targets in alternative ways, including raising tariffs and reducing energy loans. Our aim is that this is the last bailout for Pakistan by the IMF. Be
The Finance Minister said that Pakistan should try to get the allocated funds of مخت 20 billion from the Asian Development Bank and the World Bank, which Pakistan has not yet received. He said that in the budget for the next financial year, the target for technology exports will be set at ارب 2 billion. We intend to increase the export of technology to سطح 8 billion in two years.
The finance minister said that global Sukuk bonds would be issued, while the fiscal deficit in the next financial year would be one or one and a half percent less than the current financial year.