Islamabad: Prime Minister (PM) Imran Khan has directed the Finance Ministry to prepare an alternate strategy even while the talks with International Monetary Fund (IMF) continue, a news source reported. The PM was chairing the meeting of Economic Advisory Council (EAC).
It has also been decided that powers of the Federal Board of Revenue (FBR) will be reduced in order to ensure the ease of doing business with the aim to boost exports and reduce imports. The plan is to separate policy and tax administration so that fiscal policy does not drive all other dimensions of the national economy.
PM Khan also agreed to provide PKR 5 billion for Naya Pakistan Housing Programme as seed money. Similarly, it has also been agreed that USD 40 million would be provided to the Pakistan Poverty Alleviation Fund (PPAF) for alleviation of poverty.
Policy recommendations for a medium-term structural reform framework of the economy were also approved.