LAHORE: The Punjab government is expanding sales tax and property tax net to generate income from its own resources. The Punjab Revenue Authority has introduced a transparent system of revenue receipts which has substantially increased the income.
Provincial Minister for Finance Dr. Ayesha Ghaus Pasha said this while addressing a seminar on “CFO Summit 2016” held under the aegis of the Institute of Cost and Management Accountants of Pakistan.
She said that the role of the financial officers has not been limited to the supervision of financial matters and controlling irregularities but the credit of positive changes in trade system and reorganization of institutions also goes to them.
She said that the ICMA is rendering best services in this regard and a large number of financial experts are proving their mettles in public and private sectors. The minister said that non-availability of jobs to the youth according to their educational qualifications is the big hurdle in the development. She said that the main reason is lack of such skills as are demanded in the market. She said that harmonizing our youth according to the demands of present era is vital for increasing the growth rate and reducing the poverty ratio as we cannot afford to destroy the future of our more than half population.
The minister said that besides vocational training, special attention would also be paid to the education, agriculture and health sectors. She said that Punjab is an agrarian province and its development depends upon agriculture, therefore, the government is bringing best package for farmers which will not only redress their problems but will also increase resources so that they could produce best production and play their role in enhancing growth rate of Punjab.
