SESSION ON EXPLORING PARTNERSHIPS BETWEEN THE BRITISH HIGH COMMISSION-FUNDED REVENUE MOBILISATION INVESTMENT AND TRADE PROGRAMME (REMIT)
AND THE GOVERNMENT OF PUNJAB
The Chairman P&D Board, Mr. Iftikhar Ali Sahoo, chaired the meeting.
It was informed in the meeting that
REMIT is a five-year technical assistance programme funded by the Foreign, Commonwealth, and Development Office (FCDO) of the British High Commission, United Kingdom, to support Pakistan in implementing strategic reforms in the realm of economic stabilisation, trade, investment, and revenue bilization.
The key reform outcomes would be strengthening macroeconomic stability and improving conditions for high and sustained growth, mutual prosperity, job creation, and poverty reduction. More specifically, the programme will aim to support the government of Pakistan in the following areas:
1) Strengthen tax revenue mobilisation and help raise the total tax/GDP ratio by increasing the number of taxpayers.
2) Address investment climate challenges faced by local and international businesses and support Pakistan in moving towards being one of the top reformer countries to do business.
3) Facilitate trade and drive competitiveness by reducing barriers to trade and reducing Pakistan's trade deficit by helping to increase exports.
The chair said that macroeconomic policy should be made to implement such projects and avoid future financial crises. Furthermore,build the capabilities to effectively access and utilize
climate finance to build stronger climate resilience.
Secretary P&D Board Mr Muzaffar Khan Sial, Remit Head Mr Hamed Yaqoob Sheikh, Members P&D, and other officials participated. 20.10.2023
