A. Background

1.   This refers to QCs in trail, blue, italic and after double line (a) TLQC 2994 of 8.1.25 about Oppressed Salaried Class Rs 72+ Billion tax; Overall shortfall Rs 341 Billion (b) TLQC 2992 of 7.1.25 about Salaried Class facing Survival issues & Home Budget Deficit (c) EIQC 351 of 2.10.24 about Electric vehicles production started with SIFC support

2.   We also refer to Other QCs including (a) EIQC 346 of 28.9.24 about Exports recorded ample increase due to SIFC’s efforts (b) BFIC 256 of 10.2.24 about SIFC fast-track single-window for FDI & KCV (c) EIQC 262 of 1.11.23 about SIFC reviews Projects in Various Sectors 

B. Updated Commentary

Further to KQU 3188, being an important matter, we would inform you about Uraan Pakistan Plan to transform Pakistan into $ 3 Trillion economy by 2047 (Attachment 373.1) with emphasis ours in bold & Underline for quick reading.

2.   The country is heading towards economic development due to the support of SIFC and government efforts.

3.   An economic transformation plan Uraan Pakistan has been launched with the commitment to make Pakistan a three trillion-dollar economy by 2047.

4.   The plan aims to implement economic development initiatives with the firm commitment of all provinces, ministries, and sectors.

5.   Under Uraan Pakistan, the CPEC project is considered the cornerstone of Pakistan's development.

6.   The focus will be on exports, e-Pakistan, climate change, energy and infrastructure and equality under the '5 E' framework.

7.   Efforts will be made to position Pakistan as a global techno-economic hub through the development of freelancing and AI.

C. Kasbati & Co Professional & View

Due to internet issues; brain drain of salaried class due to heavy taxes; several industries operation pclosure due to High Gas, electricity & Taxes, etc it seems to be difficult to achieve the above Objectives, unless these issues are resolved on a priority basis in a short span of time.

D. Further Details & Services

Should you require any clarification or explanations in respect of the above or otherwise, please feel free to email Mr Amsal at amsal@kasbati.co with CC to info.kasbati@professional-excellence.com.

Best regards for Here & Hereafter

Asif S Kasbati (FCA, FCMA & LLB)

Managing Partner 

Kasbati & Co (1400+ Tax, Levies, Companies, Economy, Inflation, HR, Banking, Finance, etc

Quick Commentary Service Provider and High Level 440+ Tax & Levies Laws Consultants) 

Head of Tax & Professional Excellence Services (Symbols of High Quality Practical Tax, Levies & Corporate Training for Beginners to High Levels' Professionals) 

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