Digital transaction ensure facilitation, helps to strengthen economy and its documentation: President

News Desk

The President of Pakistan Dr Arif Alvi has said that digital transaction not only ensure facilitation, but also helps strengthening economy and its documentation. He said digital transaction will play a key role in widening tax base, increasing Special Economic Zones and encouraging entrepreneurship through small and medium enterprises.

According to media reports, the President was addressing the soft launch ceremony of Financial Pakistan Expo 2020 in Islamabad on Monday. He has emphasized on enhancing efficiency, governance, elimination of corruption and taking care of the poor for the development and progress of the country.

On the occasion, he said that a common consumer women empowerment should be the special focus of digital economy without which no society can progress. He said Pakistan’s non-elitist class has soared due to inclusive approach adopted by the government through the provision of massive subsidies to take care of the people, especially the labour and the poor class, in the wake of COVID-19 pandemic.

However, he stressed the need to end inequalities in health and education sectors. He said the government has almost fulfilled its promises to revamp Pakistan’s economy.

Dr Arif Alvi also appealed to strictly follow the standard operating procedures to prevent spread of the novel coronavirus pandemic.

Adviser to Prime Minister on Finance, Dr. Abdul Hafeez Sheikh has also addressed the event. He said that the economy of the country is now stable and moving forward due to bold steps of the government and economic indicator are encouraging.

“When the PTI government came to power, it inherited a huge debt and this government has made repayment of 5000 billion rupees while the government did not take any loan during last four months. The government is also working on reducing expenditures as after many years while the primary deficit had been turned into a surplus,” he said.

Dr. Abdul Hafeez Sheikh appreciated the launching of Financial Pakistan Expo 2020 saying that this will be another step for digitizing the economy of the country.