Punjab University Organised a pre-budget seminar

LAHORE:May 19:Punjab University Department of Economics on Thursday organised a pre-budget seminar in which the speakers said 2017-18 budget must be public-friendly budget. Punjab Higher Education Commission (PHEC) Chairman Prof Dr Nizamuddin, economist Dr Ashfaq Hussain, Chairman Department of Economics University of Lahore Prof Dr Muhammad Aslam Ch, Vice President Pakistan Kissan Board Sarfaraz Ahmed, In charge PU Department of Economics Ms Kulsoom Zulfiqar, faculty members and a large number of students were present. Dr Nizam said entrepreneurial opportunities might help reduce poverty from the country. He advised the students to focus on finding earning resources through entrepreneurship means. Dr Ashfaq said economic growth was a critical element in the development process. He said economic growth created jobs, raised income of people, generated more tax resources, more development spending and more growth. He said it had been realised that though economic growth was necessary for poverty reduction, it had nevertheless widened the gap between the rich and the poor in many countries. He said fruits of growth had not been shared by all the segments of the society. Prof Dr Aslam Ch said CPEC was a golden opportunity which would bring economic stability in Pakistan. He said 2017-18 budget must be public-friendly budget. He said the government should avoid increasing tax on the goods already in the tax net which would help reduce poverty from the country. Sarfaraz Ahmed said small farmers belonged to the poorest strata of the country that were deprived of basic education and health facilities. He said agriculture was exempted from tax worldwide except Pakistan. He said there was a need to build dams in the country to manage water scarcity issues. He said hundreds of thousands of tons of wheat got wasted because of lack of storage capacity. Ms Kalsoom Zulfiqar said the purpose of pre-budget seminar was to create awareness among students regarding budget.The news.

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