FM Aurangzeb, Attaullah Tarar & Bilal Kayani Post-Budget Press Conference — Geo News

[0:00] We have talked about the direction of travel, in that particular way, we have made significant progress, and we have made significant progress, and in that particular things you have read budget, you have listened to your budget speech, [0:24] and we have some technical briefing for you, but the main themes of this budget are the main thing. [0:38] First of all, we have been saying export-led growth, and we have all these questions about the enabling environment, enabling factors. [0:49] So, in this budget, we have tried to bring all these areas to the enabling environment. [0:59] So, in the succession of taxes, the advanced tax has been finished, the second is the super tax. [1:07] In the super tax, I am going to know that we have talked about the first slabs of the super tax, and then we have said that the more than 50 crores of the business, [1:19] we are taking it from 10 to 8%. [1:22] Which is again a very meaningful direction of travel. [1:27] And there is also a lot of travel. [1:30] But, when I was in front of the Prime Minister and the Cabinet, they have given the special direction of the super tax, [1:40] that the super tax will end all the exporters for the super tax. [1:44] So, that's why, on the floor of the house, I have remembered it. [1:49] And, hopefully, when you will see it in terms of the winding of the speech, we will include it. [1:58] But, see, this is not only a tax issue. [2:02] It is not only a tax issue. [2:03] It is also a financing issue. [2:04] So, this reference scheme is going on a different level. [2:09] We are taking it on a different level. [2:12] We are taking it on a different level. [2:13] We are taking it on a different level. [2:14] For which, the $70 or $70 or $70, which has been given additional subsidy in this budget, [2:21] so that this financing remains available to the exporters of Pakistan at 4.5%. [2:29] Because the fact is that the policy rate, inflation, but it is 4.5%. [2:35] I have also mentioned that the Prime Minister of the House mentioned earlier, [2:42] and we are very sorry about the government state bank, [2:44] and the other who have further talked about the banks. [2:48] So, this is a very big feature, that the 4.5% will be available, [2:54] which, as you know, is in trillions. [2:57] And lastly, I would say that our obviously focus is on the goods, which is very, very important. [3:27] That is very, very important, that we have the goods trade deficit, [3:30] which we have to put down. [3:32] But the services are becoming more and more important as we go forward. [3:37] So, overall, goods and services export, [3:52] the second part of it is overall industry, [3:59] which we have to do with the PASHA. [4:00] The second part of it is the overall industry, [4:04] which we have to do with all these things, [4:06] especially with the Super Taxes. [4:08] The third part of it is the overall industry, [4:12] which we have to do with the Super Taxes. [4:14] The third part of it is the overall industry, [4:16] which we have to do with all these things, [4:17] which we have to do with the Super Taxes. [4:21] The third part of it is, [4:23] and in the last year, [4:24] I will talk about direction and travel. [4:26] We have tried to do one thing, [4:28] and we have tried to do this, [4:29] that the most low segments of the salary class, [4:33] we have to do relief. [4:35] So, we have to do with 5% from 1%, [4:38] our 5% from 1% from 1% to 1%, [4:39] 15%, from 13%. [4:41] But, reality, [4:45] is that the above slabs, [4:48] but, specifically, [4:51] that the only thing was being taken from the event, [4:52] that was all in front of it. [4:54] And, all of those who are here, [4:58] are here with the feedbacks. [5:01] But, from what I've heard, [5:02] and what we have heard overnight, [5:04] overnight. This has been received very well. [5:08] Besides, the construction [5:09] is because this is all [5:11] our discussion and [5:13] this is why there are different [5:15] chambers. I will [5:16] go to Q&A [5:20] because they are also talking [5:21] with chambers today, but [5:24] they have already [5:26] announced their announcements [5:27] or are still coming, where it's been [5:31] well received. So again, [5:32] if this is pro-business, pro-growth [5:35] to go to the budget, then [5:38] construction, obviously, [5:40] housing and construction plays a very [5:42] important role and we have [5:44] transaction taxes below. You have already [5:48] seen it. [5:50] And it has announced its rates [5:51] in the budget. [5:54] Okay, beyond that, [5:55] I want to talk about two or three [5:57] things. I want to talk about [5:59] but I want to talk about agriculture [6:01] in the future. I also want to talk [6:04] about agriculture. I want to talk [6:05] about agriculture. We have [6:08] that, which is the [6:09] credit and financing, which I will [6:11] stay a little while ago, is [6:13] about 15%. It has [6:15] about 15% of the year. [6:17] on year. And this has been crossed from 2 trillion dollars, which is the overall agriculture [6:23] financing. But it is also an important thing that has been introduced in this fiscal year, [6:32] which we are saying is a small scheme. And that is a very important thing. And I have [6:40] a really important point of view of why this is on the agriculture sector, especially [6:53] in small businesses. Because the banks have not been stepping up. So this scheme is all [7:02] digital. More importantly, it is collateral free. For small businesses. For someone to [7:09] keep their homes and keep their homes. So this is introduced to small businesses. And [7:17] it is moving in the right direction. Besides, I will say that the Prime Minister's agriculture [7:25] loan is mainly for young people. Its total cost is 262 billion rupees. So it is 262 billion [7:38] rupees. Its total cost of 125 billion rupees. Its total cost of 125 billion rupees. [7:43] Again, bringing it back into the financing part. Because that has been one of the choking [7:49] points to for us. In addition to that, there are other things like the seeds and the yields [7:54] have to be done. So the regulatory authorities are being made. I will say the last thing that [7:59] we will say that the amount of duties of agriculture and equipment are being made. The combined harvesters [8:10] are coming, the tractors are coming, the centrifugal pumps are coming. These are all areas where we [8:17] need the value added machinery. The which is not being made here. And we can [8:23] put it from China or other countries. We can put it from China or other countries. Which will help us [8:28] actually increasing the yield. In all these things, custom duties, additional custom duties, [8:36] regulatory duties, zeroes. It has been zeroes. So I just wanted to mention this. That [8:43] is one of our key tenets of growth as we move forward. Now, I would like to say the last thing [9:01] I would like to mention this. That there is also a deepening and a broadening. Now, for the [9:09] deepening, I have also mentioned that digital monitoring and the rest of the things that are [9:16] working on this time. And I have also mentioned that there are additional [9:20] needs and revenues from it. This is not something in design. What is in design is what I presented [9:27] yesterday in the parliament. Which is the new tax operating model. And I have talked to [9:34] it yesterday in the budget speech. But if there are still some issues, then when you have [9:41] questions, I will suggest that this is further [9:46] I will say that this is further [9:48] It's very simple. We are going to take it from the automation [9:55] or the AI to take it from the AI. Human intervention [9:59] we are doing less than human intervention. We have done it in the face-lis [10:01] we have done it in income tax and sales tax. And we will [10:05] have to move on the next time as we move forward. To us [10:10] آپ کے سوالات ہوں گے inşallah ہم اس پہ [10:11] جواب دیں گے اور دوسرا جو [10:13] widening ہے جو وسط کی بات ہے [10:15] اس دن ہم نے retailer scheme کی بات کی [10:17] اور اس کو کل بجٹ میں [10:19] جو ہے وہ بتایا بھی گیا [10:22] اور پیش کیا گیا [10:23] تو دیکھیں ہماری یہ ایک [10:25] برپور کوشش تھی اس بجٹ میں [10:27] کہ خاص طور پر جو کہا جا رہا تھا [10:30] کہ جی آپ نے صرف [10:31] معاشی استحکام کے بات کرتے ہیں [10:33] معاشی growth [10:34] وہ کہاں ہے [10:36] تو اس طفح جو ہمیں fiscal space [10:39] available. We have used it. There is more to do. But I will say this again, the direction [10:47] of travel. And this time, we have provided feedback from every place, that we are going [10:59] to go towards the future. And this budget is going to play, inshallah, a very pivotal [11:04] role. With this, we will open it up for questions. [11:07] Thank you, sir. [11:10] Thank you, sir. [11:11] One minute, if I say to Bilal Qiyani, please talk a little bit about this and then I will [11:20] also request them to the Honourable Minister of Information Minister. [11:23] Thank you, Mr. Minister. [11:26] Just to add to what you said. [11:30] You have seen that this is a big event. [11:34] Thank you, Mr. Minister. [11:36] Thank you. [11:37] Thank you, Mr. Minister. [11:38] Thank you, Mr. Minister. [11:39] Mr. Minister. [11:40] Mr. Minister. [11:41] Mr. Minister. [11:42] Thank you, Mr. Minister. [11:43] Thank you. [11:44] Thank you, Mr. Minister. [11:45] Mr. Minister. [11:46] Mr. Minister. [11:47] Mr. Minister. [11:48] Mr. Minister. [11:49] Mr. Minister. [11:50] Mr. Minister. [11:51] Mr. Minister. [11:52] Mr. Minister. [11:53] Thank you, Mr. Minister. [11:54] Mr. Minister. [11:55] Thank you. [12:26] Thank you. [12:56] Thank you. [13:26] Thank you. [13:56] Thank you. [14:26] Thank you. [14:57] Thank you. [15:27] Thank you. [15:57] Thank you. [16:27] Thank you. [16:58] Thank you. [17:31] Thank you. [18:03] Thank you. [18:36] Thank you. [19:08] Thank you. [19:39] Thank you. [20:11] Thank you. [20:42] Thank you. [21:14] Thank you. [21:46] Thank you. [22:18] Thank you. [22:51] Thank you. [23:22] Thank you. [23:55] Thank you. [24:25] Thank you. [24:55] Thank you. [25:27] Thank you. [25:57] Thank you. [26:28] Thank you. [26:59] Thank you. [27:29] Thank you. [27:59] Thank you. [28:29] Thank you. [29:00] Thank you. [29:30] Thank you. [30:00] Thank you. [30:31] Thank you. [31:02] Thank you. [31:32] Thank you. [32:03] Thank you. [32:38] Thank you. [33:09] Thank you. [33:39] Thank you. [34:10] Thank you. [34:41] Thank you. [35:12] Thank you. [35:42] Thank you. [36:13] Thank you. [36:43] Thank you. [37:14] Thank you. [37:44] Thank you. [38:14] Thank you. [38:44] Thank you. [39:14] Thank you. [39:46] Thank you. [40:17] Thank you. [40:47] Thank you. [41:17] Thank you. [41:49] Thank you. [42:21] Thank you. [42:53] Thank you. [43:23] Thank you. [43:54] Thank you. [44:24] Thank you, [44:54] Thank you. [45:24] Thank you. [45:58] Thank you. [46:29] Thank you. [46:59] Thank you. [47:30] Thank you. [48:00] Thank you. [48:31] Thank you, [49:02] Thank you. [49:34] Thank you. [50:04] Thank you. [50:34] Thank you. [51:04] Thank you. [51:35] Thank you. [52:05] Thank you. [52:37] Thank you. [53:07] Thank you. [53:37] Thank you. [54:08] Thank you. [54:40] Thank you. [55:10] Thank you. [55:40] Thank you. [56:10] Thank you. [56:42] Thank you, [57:13] Thank you. [57:43] Thank you, [58:14] Thank you. [58:45] Thank you. [59:15] Thank you. [59:45] Thank you. [1:00:15] Thank you. [1:00:46] Thank you. [1:01:16] Thank you. [1:01:47] Thank you. [1:02:18] Thank you. [1:02:48] Thank you, [1:03:19] Thank you, [1:03:50] Thank you. [1:04:21] Thank you. [1:04:52] Thank you, [1:05:22] Thank you. 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