LAHORE: A delegation of the International Monetary Fund (IMF) called on Punjab Chief Minister Shahbaz Sharif and discussed reforms in tax system here Saturday.
On the occasion, Sharif said that reforms were being introduced in tax system to generate maximum revenue which could be spent on the development of education, health and other social sectors.
He said that besides creating new job opportunities, targets have been fixed for enhancing GDP of the province and speedy steps are being taken for achieving these goals. He said that more than 60 percent population of the country consists of youth and Punjab government is taking revolutionary steps for their empowerment and a target has been fixed for making 20 lakh youth skillful during next three years.
The Chief Minister said that solar, coal, hydel and LNG power stations are being set up for coping with energy crisis.
He said that Punjab government has decided to generate 1000 megawatt electricity through LNG in the province whereas federal government will set up projects of 3600 megawatt through LNG. He said that a modern apparel park is being set up for the promotion of textile and garments industry.
. Punjab government is planning to establish special economic zone and set up a new city and preliminary preparations have been started in this regard, he added explaining balance in expenditures and resources is very essential and Punjab government is implementing a comprehensive strategy in this regard.
The delegation of IMF led by Dr. Masood Ahmad met Punjab Chief Minister. Mission Chief and Resident representative of IMF for Pakistan were also present on the occasion. Provincial Minister for Finance Mujtaba Shuja-ur-Rehman, Chief Secretary, Senior Member Board of Revenue and Chairman Planning & Development were present on the occasion.
