Decisive steps are being taken to stabilize economy of State: PM AJK

Altaf Hamid Rao.

Islamabad/ MIRPUR  (AJK), (Parliament Times) : Prime Minister Azad Jammu and Kashmir Sardar Tanveer Ilyas Khan has said that decisive steps are being taken to stabilize the economy of Azad Kashmir. Prime Minister Sardar Tanveer Ilyas Khan expressed these views while addressing a press conference here today. Sardar Imtiaz Shaheen, Adviser on Political Affairs Sardar Iftikhar Rashid, Special Assistant Youth Raja Sabeel Riaz and others were present on the occasion.” Besides getting the Bank of Azad Jammu and Kashmir scheduled 49% if it’s shares will be given to the business community”, the PM said adding that the AJ&K Bank has earned a profit of 95 crores in addition to taxation and salaries during our government period.He said that Skill University would be established to make the youth skillful.” Institutions on the lines of SECP and NEPRA will be established within Azad Kashmir”, he said. The PM further said that financial and administrative autonomy would be given to the Department of Electricity.”The power supply company is being reshaped on the pattern of DESCO, which will save about 7 billion rupees”, he said. The Department of Electricity has been given the task of creating its own Desco-style institution, which will save 7 billion annually.Similarly the PM said that after improving the tax system, the number of taxpayers will be increased to 100,000.He said that the government would the investors in Azad Kashmir, who were willing to invest their capital in the state.Prime Minister Sardar Tanveer Ilyas Khan said that the number of tax filers increased from 5 thousand to 38 thousand during the last six months. While the number of filers working in the system has reached 58 thousand.He said that the number of tax filers would be taken up to 1 lakh. He further said that no economy of the world can flourish without development in the private sector and in the future we will bring the best model of public private partnership within Azad Kashmir.


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