imageISLAMABAD: Minister for Finance, Muhammad Ishaq Dar on Tuesday said that Federal Budget 2014-15 would set direction of national economy and it would be a component of mid term macro-economic strategy.

While chairing a meeting of Federal Board of Revenue (FBR) which was held here to review budget proposals, the minister said that the proposals would bring in positive results for the nation in the long run.

The minister appreciated the hard work and commitment of the FBR and Finance Ministry officials in consulting the stake holders and finalizing the budget proposals for consideration.

He observed that during the current financial year, the government had to do a lot of firefighting to save the economy from further deterioration and make a new beginning.

Ishaq Dar said that now it was time that the whole nation should join hands with the government to build Pakistan for the sake of future generations.

He said that government had taken all possible steps for making corrections in national economic direction and due to these prudent reforms it had achieved all economic targets.

“We will work together to expand the tax net and all those people who are not paying their taxes will be encouraged to do their duty towards the country", he added.

He said that tax payers would be rewarded and serious efforts would be made for documentation of the economy.

He said that the youth was future capital and the Prime Minister's schemes were aimed at harvesting this great potential of the nation adding that we had to find fiscal space to invest in future capital.

Chairman FBR, Tariq Bajwa briefed the minister on proposals to be incorporated in the upcoming Federal Budget 2014-15 and informed that recommendations of all stake holders including chambers, industry representatives, traders and professional bodies had been considered and the doable proposals had been incorporated in the set of proposals.

He informed the minister that the business community was satisfied with their meetings with the Finance Minister and appreciated his personal interest in the reform process.