ISLAMABAD: Finance Minister Miftah Ismail today urged the multinational companies (MNCs) operating in Pakistan to present an export plan to the government in exchange for tax breaks.
Through Twitter Miftah Ismail lauded the role of multinationals operating in the country.
“I am truly grateful to all the foreign multinationals that operate in Pakistan, pay a large amount of taxes, provide employment and bring in technology. However, I request all of them to present to me a plan to export out of Pakistan also,” said the minister.
“I will give them tax breaks for that,” he added.
In another tweet, the finance minister welcomed the decline in the current account (CA) deficit for the month of April, which sharply declined by 39% during the month of April 2022, supported by lower goods import bill and record workers’ remittances.
The State Bank of Pakistan (SBP) late Thursday night issued the statistics of CA deficit, which was on increase for the last many months due to rising imports and became a matter of concern for the new government.
The SBP reported that current account deficit amounted to $623 million in April 2022 compared to $1.015 billion in March 2022, depicting a decline of $392 million.
“This is a very good sign for external stability,” said Miftah, adding that with positive IMF talks underway, “we expect a turnaround in the economic situation very soon.”
