SIALKOT: Hinting at the ‘change’ that is perhaps in the pipeline, PML-N chief Nawaz Sharif has promised reviving the economic reforms he had introduced during his first stint as prime minister from 1990 to 1993 besides levying minimum five per cent uniform tax, if and when his party came into power.
Addressing businessmen and notables after launching the silver jubilee edition of Sialkot Chamber of Commerce and Industry’s book titled ‘Essence of Enterprise’ here on Tuesday, the former prime minister looked gearing his party up for the much-trumpeted ‘change’ with himself firmly in the saddle again when he said the revolutionary step of levying uniform taxation, including all import and export duties, would enhance the total income of the country 10 times than of today.
The book highlights socio-economic and human resources development projects undertook by the local business community on a self-help basis. PML-N central leader and MNA Khwaja Muhammad Asif, PML-N members of the National and Punjab assemblies from the district, SCCI president Ghulam Mustafa Chaudhary, vice-presidents Dr. Sarfraz Bashir and Adnan Kapoor and former SCCI presidents and vice-presidents were present on the occasion.
The former prime minister said the PML-N was also planning reviving its privatisation and denationalisation policies.
Sharif said that political and economic instability had derailed the economic reforms his government had introduced in 1991 but our archrival, India, executed the same package and achieved economic stability in a short span of time.
He said that Pakistan was in dire need of an upsurge in economic activity and introduction of result-oriented reforms.
He said the country was facing worst economical crisis and practice of making anti-Pakistan conspiracies should immediately be stopped.
He urged the businessmen to pay taxes honestly and avoid over-invoicing to pull the country out of the economic crisis.
He said the PML-N, if voted to power, would encourage the business community to work hard for strengthening the national economy.
The existing system of tax collection had several flaws that should immediately be removed by taking the business community into confidence, he added.
He urged the businessmen to come forward and play their role in eliminating terrorism from the country besides making the country economically strong.
He said previous government had paved the way for terrorism which was, according to him, No.1 problem the country was confronted with.
Sharif praised the businessmen of Sialkot, saying they were playing pivotal role in strengthening national economy by exploring and capturing international trade markets.
He urged the businessmen of other cities to follow the model of Sialkot business culture.
Had there been two or three more Sialkot cities in this country, it would have been a much prosperous nation, the former prime minister said.
He urged the PPP government to focus on developing and strengthening industrial infrastructure that would be helpful in getting rid of foreign aid and loans.
He said that rectification of the flawed tax collection system could also generate enough resources to rid the country of foreign aid and loans. “It’s high time to give up begging and stand on our own feet,” he added.