Government is fully cognizant of print industry’s issues and problems: Finance Minister assures APNS Office Bearers and Executive Committee members

Karachi, December 04, 2018 (PPI-OT): Mr. Asad Umar, Federal Finance Minister assured APNS Office Bearers and Executive Committee members that the Government is fully cognizant of print industry’s issues and problems. He said that in the short term it was Government’s responsibility to help media to brave the financial crises. These views were expressed by him while talking at a dinner hosted by Federal Information Minister, Mr. Fawad Chaudhary for APNS Executive Committee. Chairman PEMRA Muhammad Saleem , Chairman PTV Muhammad Arshad Khan, Chairman BOI Haroon Sharif, Federal Information Secretary Shafqat Jalil and PIO Mian Jahangir were also present on the occasion.

The Finance Minister stated that negotiations with IMF have not been broken and are still underway and that the Government did not waste any time in engaging IMF. He further said there is almost consensus among the Economic Advisory Team that seeking IMF Package is a reasonable option for Pakistan to stabilize its economy and currency in the short term.

The Finance Minister was very optimistic about the long term growth prospects of Pakistan’s economy and said a number of foreign investors have shown keen interest in investing in certain high growth sectors. He further said that the steps being taken by the government will usher in an era of growth and will greatly benefit export related industries.

The APNS President, Hameed Haroon, Vice President, Mehtab Khan, Secretary General, Sarmad Ali, Mujib-ur-Rehman Shami, Rameeza Majid Nizami, Umer Mujib Shami, Shahab Zuberi, Jamil Ather, Mumtaz Tahir and other members of the Executive Committee apprised the Minister of the problems faced by the industry.

The finance minister said that notification for withdrawal of 5% custom duty in line with announcement of PM Imran Khan will be issued shortly. He also said that finance ministry is ready to work with APNS and Information Ministry to look at the issues of Withholding Tax and Tax Refund being faced by the newspapers and help find amicable solution. He also assured that Finance Ministry will instantly clear outstanding government advertisement dues after verification from the Information Ministry.

For more information, contact:
All Pakistan Newspapers Society (APNS)
32, Farid Chamber Abdullah Haroon Road,
Karachi Post Code 74400
Tel: +92-21-5671256, +92-21-5671314
Fax: +92-21-5671310