LAHORE: On Monday, Finance Minister Asad Umar said that economic matters cannot be resolved till the trade deficit is reduced.
The finance minister while addressing a ceremony of Federation of Pakistan Chambers of Commerce and Industry in Lahore, said “There is a need for reforms in the energy sector. There needs to be independence to produce electricity and there is a need to improve the system of power supply.”
Umar assured that a simplified procedure of filing tax returns for individuals and entrepreneurs will be introduced in the current year. “Top taxpayers will be recognized in a ceremony which will be chaired by Prime Minister Imran Khan to encourage the people to come in the tax net,” he said.