ISLAMABAD: Pakistan’s Prime Minister Shehbaz Sharif has said that the elements involved in the deep-rooted menace of corruption and criminal negligence for denting country’s economy would be held answerable, official media reported on Friday.
Referring to the track and trace system agreement made in 2019, he said this system was nothing but a painful joke to the country as no improvement was seen in the sectors of cement, tobacco, fertilizer and sugar. He stated the agreement was completely a fraud as even no penalty clause was included in it.
Chairing a meeting of the federal cabinet at the PM House, Shehbaz Sharif said that he had also ordered to form probe committee in this connection that will present its report within 72 hours.
As regards the macroeconomic indicators, the PM expressed satisfaction over the collective performance of both the interim governments and incumbent. He said according to a recently published report on Pakistan’s economy, many indicators including remittances, IT export, and capital market were showing positive results due to the prudent policies of the government.
The PM said the Federal Board of Revenue had old and obsolete systems which required to be replaced to increase the tax to GDP ratio. The PM pointed out that the FBR had the huge potential to earn extra revenues worth hundreds of billions of rupees by executing reforms in its system.
