Skip to main content

Cabinet decides to separate tax policy from revenue administration

cabinet

ISLAMABAD: The federal cabinet on Thursday decided to separate tax policy from the revenue administration in line with the manifesto of the Pakistan Tahreek-i-Insaf.

To this effect, a committee has been constituted to work out legal and technical modalities, according to statement issued following a meeting of the cabinet presided over by Prime Minister Imran Khan.

The cabinet reiterated maintaining strict fiscal discipline in the country for the purpose of curtailing fiscal deficit and ensuring that the expenditures and revenue remain within the budgeted estimates.

It also discussed in detail the issue of availability of surplus sugar stock in the country and the pending payments of the growers. It was decided to refer the matter to the Economic Coordination Committee of the cabinet for detailed deliberations and proposing a workable solution to address the issue on priority basis.

The prime minister reiterated during the meeting that the interests of the sugarcane farmers will be protected while resolving the issue of sugar mills. The cabinet while considering financial difficulties of Pakistan Broadcasting Corporation especially the issues being faced by the employees in getting their salaries and pensions, decided to grant Rs 400 million as Technical Supplementary Grant in order to provide relief to the organization.

The cabinet, however, stressed upon the need for chalking out a comprehensive plan to ensure strict financial discipline and enhancement of revenues for the purpose of financially sustainability of the organization. The prime minister directed that no employee working in the government will be sacked from services.

It approved reconstitution of a ‘Search Committee’ for appointment to the post of Vice-Chancellor Shaheed Zulfiqar Ali Bhutto Medical University Islamabad. The committee would be headed by Minister for Human Rights Shirin Mazari. The cabinet approved appointment of Ayla Majid, Ghias-ud-Din Ahmed and Hamid Ali Khan as independent Directors of Central Power Purchasing Agency (Guarantee) Limited. Appointment of Faisal Ahmed, Pharmacist Drug Testing Laboratory Quetta as Technical Member-I of the Drug Court Balochistan Quetta was approved by the cabinet.

It approved release of Rs20 billion in financial year 2018/19 for the Fencing and Lighting project of Pak-Afghan border. The cabinet ratified the decisions of the Economic Coordination Committee (ECC) of the Cabinet taken during its meeting on 22 November 2018.

The decisions included grant for disbursement of Provident Fund, Gratuity and payroll due to the heirs of deceased employees of Pakistan steel mill, natural gas load management during winter 2018-19 and release of public sector’s surplus wheat to poultry association of Pakistan.

The post Cabinet decides to separate tax policy from revenue administration appeared first on ARYNEWS.



from ARYNEWS https://ift.tt/2E3iegr

Comments

Popular posts from this blog

Sialkot police bust gang of robbers, seize over Rs20m looted cash

SIALKOT: Police on Tuesday claimed to have busted an infamous gang of robbers and seized Rs20.3 million looted cash from their possession, ARY News reported. A spokesperson for the police confirmed the arrests saying the eight-member gang had looted a pharmaceutical company’s truck full of medicine. He said the looted cash to the tune of Rs20.3 million was also recovered from their possession. The police said the recovered cash and truck have been handed over to their owner. Read More: Youngster battles for life as Punjab police ‘mistakenly’ opens fire on him Earlier, on June 20, Karachi police had apprehended six robbers allegedly involved in a bank robbery of Rs10.5 million last month. The robbers had produced Rs9 million from the bank robbery in front of the police after being taken under arrest. The police also recovered the weapons used by the criminals in the bank robbery. The gang was stated to have a previous record of robbing various places in the city, the police said. ...

Peshawar security forces kill four suspected terrorists

The Peshawar Counter-Terrorism Department personnel gunned down four suspected terrorists after raiding their hideout on the Kohat Road Monday. According to the security forces, the suspects were plotting an attack. A cache of weapons and ammunition has been seized too. On Monday evening, a special CTD team raided the hideout after surrounding it and exchanged fire with them. No CTD personnel was injured in the operation. from SAMAA https://ift.tt/2V8MRbn

Headlines 9am: Karachi to face power outages, coronavirus cases rise

Here are the headlines from SAMAA TV’s 9am bulletin. Pakistan has begun reporting fewer coronavirus infections in the last couple of days. In the last 24 hours, 3,964 cases were reported with 105 deaths. Around 73,000 recoveries have been confirmed so far. Three people were killed in a collision between a motorcycle and ambulance on the Mehran highway. A child was injured as well. Robbers looted a house in Karachi’s Azizabad in broad daylight and in the presence of a policeman. The cop chased the thieves but they were able to escape. SAMAA TV has acquired a CCTV footage of the robbery. A terrorism bid has been foiled in Peshawar. During a raid, security forces eliminated four terrorists. A cache of weapons and ammunition has been recovered. Saudi Arabia has announced it would hold a “very limited” Hajj this year owing to the coronavirus pandemic, with pilgrims already in the kingdom allowed to take part. The Kingdom has informed Pakistan about it as well. Pakistan’s Religious A...