Prime Minister Kakar Advocates Tax System Reforms for Economic Development

Prime Minister Kakar Advocates Tax System Reforms for Economic Development

ISLAMABAD, November 27, 2023 – Caretaker Prime Minister Anwaar-ul-Haq Kakar has underscored the pressing need for comprehensive reforms in the tax system as a crucial step towards fostering economic development in the country.

In an exclusive interview with Pakistan Television (PTV), Prime Minister Kakar highlighted the importance of revitalizing the tax structure to boost revenue generation, emphasizing the active participation of the private sector as a catalyst for achieving economic stability.

During the interview, Prime Minister Kakar articulated the significance of increasing revenue through the engagement of the private sector, portraying it as a pivotal element in the pursuit of economic stability. Recognizing the challenges faced by the nation, he acknowledged the transitional nature of the state and called for a collective mindset shift towards openness and active contribution to address the evolving needs of the country.

The Prime Minister emphasized the crucial role of resource management in the nation’s development and the overall public welfare. He particularly highlighted the optimal utilization of natural resources as a key factor in the prosperity of Balochistan, underscoring the need for strategic planning and responsible governance.

Reflecting on the rich cultural heritage of the nation, Prime Minister Kakar reminisced about the significant contributions of PTV in the late ’70s. He acknowledged the impact of PTV’s work in various domains, including drama, music, information dissemination, and education, in connecting the population with the diverse cultural expression of the country.

In light of this cultural legacy, Prime Minister Kakar called upon the PTV administration to assume a leading role in showcasing both national and regional cultural facets. He urged PTV to play a pivotal part in preserving and promoting the diverse cultural tapestry of the nation, recognizing its potential to foster unity and appreciation for the country’s cultural richness.

The call for tax system reforms aligns with the government’s commitment to creating a conducive economic environment. Prime Minister Kakar’s emphasis on private sector participation underscores the importance of collaborative efforts between the government and businesses for sustainable economic growth. The interview served as a platform for addressing critical issues and outlining a vision for economic development and cultural preservation in Pakistan.

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