Finance Minister Shaukat Tarin has said the budget 2021-22 focuses on uplift of the poor and sustainable economic growth through incentives for various sectors including agriculture, industry and housing.
Addressing a post budget news conference in Islamabad on Saturday along with Minister for Economic Affairs Khusro Bakhtiyar and Commerce Adviser Razaq Dawood, he said the main emphasis of the budget is to protect the vulnerable segments of the society.
He said four million poor households, to be accessed through the Ehsaas Survey, will be provided with interest free business and farming loans. He said these households will also be given loans to build their own houses. Besides, they will be given health cards and one member of each family will be imparted technical training.
The Finance Minister said incentives have been given to uplift both the agriculture and industries which will increase employability. He said the incentives in the industries are not only textile specific but have been extended to different sectors. He said taxes have been abolished to facilitate the investment of Chinese friends in the Special Economic Zones being set up under China Pakistan Economic Corridor (CPEC) project.
The Finance Minister said the taxes on the IT have been rationalized in order to exploit its full potential. He said we want to substantially enhance this sector’s exports in the years to come.