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Country's economy cannot be streamlined without political stability: PM Shehbaz

No matter what happens, whichever party comes into power, goals set in "charter of economy" shall remain unchanged. PM Shehbaz says non-productive assets should be taxed, such as windfall profits in real estate. Says Centre and provinces would have to work together to develop a comprehensive planNo matter what happens, whichever party comes into power, goals set in "charter of economy" shall remain unchanged. PM Shehbaz says non-productive assets should be taxed, such as windfall profits in real estate. Says Centre and provinces would have to work together to develop a comprehensive planThe rural areas, which comprise 65% of Pakistan’s population, should be developed. This can only happen when our children get quality education there,” the prime minister noted. He added that there was a need to increase the agricultural yield through modern technology as it could change the fate of Pakistan, which would later be exported and help the national exchequer. PM Shehbaz said following the 18th amendment, the provinces were empowered and the federation's powers were curbed. But he noted that the provinces and the Centre would have to work together to develop a comprehensive plan. "For that, I will need your (businessmen's) help. I am not saying this for a mere speech. No, we are forming a task force but I will not go into details of it now," he said Comparing the country's IT industry with that of India's, the prime minister said that the latter generates around $200 billion while Pakistan's industry was hovering around $2.5 billion. "We must go for special export industrial zones," he added. The PM said that the government will make well-structured industrial zones. "To increase the export, the developed zone should be handed over to the investors to work on it. We need to fix ambitious targets." Talking about the tough decisions being taken by the government, PM Shehbaz said that the non-productive assets should be taxed. "The windfall profits in the real estate should be taxed," he said.

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