Cabinet waives duty, tax on import of anti-coronavirus items

Cabinet waives duty, tax on import of anti-coronavirus items

According to 24 News News TV channel, the federal cabinet met in Islamabad on Tuesday and approved exemption from import duty and tax on anti-coronavirus items.

Prime Minister Imran Khan presided over a meeting of the federal cabinet where it was decided that the government would issue an ordinance to ensure implementation of anti-coronavirus measures.

The cabinet also approved the expansion of online visa services to 16 more countries.

The federal cabinet approved the establishment of the Pakistan Medical Authority (PMA), the TV channel reported, citing its sources.

The Cabinet also approved the appointment of the National Medical Dental Board.

However, the Cabinet adjourned the matter till the notification of the Press Council of Pakistan (PCP) and reorganization of the Board of Directors of Pakistan Television Corporation and PTV.

The cabinet also endorsed the decisions of the Economic Co-ordination Committee (ECC) on October 29 and November 4. The federal cabinet also ratified the decision of the Cabinet Committee on Legislation on October 21 and November 5.

Information Minister Senator Shibli Faraz briefed the media after the decisions of the cabinet meeting.

Pakistan’s economy

Hafeez Sheikh, Advisor to PM Imran Khan on Finance and Revenue, said that despite COVID-19, the government helped the business community and introduced a number of measures to provide assistance, including aid package, electricity payment and wheat procurement package. Including Ehsan Emergency Cash Program.

Hafeez Sheikh said: “Our current account deficit is now in surplus and our core balance is also positive and the country has not borrowed in the last four months and our foreign debt remained at Rs 46.4 trillion from June 30 to October 30.”

“Pakistan’s economy is growing rapidly and large-scale companies are growing, including the cement industry and exports, automobiles, fertilizers and pharmaceuticals,” he added.

Hafeez Sheikh said that the financial aspect of the economy can be found in the statistics that the FBR collected Rs 10,340 billion and the return of the economy as per last year is Rs 128 billion.

“Our main focus is on how we can facilitate the people of Pakistan. We have given a construction package and a successful youth program for the weaker parts of the country, which has also introduced an expanded public sector program. We have created jobs. Are developing policies to increase domestic investment in aid.

Hafeez Sheikh said, “Foreign direct investment was recorded at Rs 3,733 million last month and the government had introduced a special package for small and medium enterprises (SMEs). Pakistan stock market is booming in Asia.” Proved to be a growing stock market.


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