The successful hosting of the two-day summit of the Shanghai Cooperation Organization in Islamabad has not only increased Pakistan's diplomatic prestige but has also given promising signs regarding the country's economy. In addition to the Prime Ministers of Russia and China, the participation of the members and observers of other SCO countries and the joint declaration, the message is clear that Pakistan is ready to play an effective role in the activities of multinational organizations and to fight all kinds of terrorism including terrorism. Committed to tackling challenges. Since its establishment in 2001, the Shanghai Cooperation Organization has definitely gained in scope and importance in terms of objectives and efforts, but on the occasion of the summit of the Shanghai Cooperation Organization (SCO) in Islamabad, the Prime Minister of Russian Prime Minister Mikhail Mishustin. During the meeting at Mian Shahbaz Sharif House, apart from cooperation on multilateral forums, agreement on cooperation in the fields of trade, industry, energy, regional relations, science technology and education is also of special importance and its effects will be far-reaching. Earlier, after the arrival of Chinese Prime Minister Li Qiang on a four-day visit to Islamabad on October 14, the signing and exchange of 13 documents of understanding, the inauguration of Gwadar Airport, the reiteration of the development of CPEC Phase 2 and the declaration of mutual support on all issues were announced by the two countries.
Important in terms of economy, development, stability and prestige. These things can be called game changers in every respect. On October 16, Prime Minister Shehbaz Sharif held an informal meeting with the Prime Minister and Indian Foreign Minister Jaishankar during the luncheon in honor of the SCO heads of state and representatives, and later, the discussion regarding cricket started at the dinner table with Foreign Minister Ishaq Dar. The relations between the two countries showed signs of thawing of ice that had been frozen for years. This is a situation that can be called a game changer. In the joint declaration issued after the SCO Summit chaired by Prime Minister Shehbaz Sharif, the commitment to peaceful resolution of differences and conflicts between countries has been reiterated through negotiations and consultations.
The principles of mutual respect for the sovereignty, independence and territorial integrity of states, equality, mutual benefit, non-interference in internal affairs, non-use of force or the avoidance of the threat of force were declared as the basis for the sustainable development of international relations. is Opposing unilateralism and trade sanctions, the SCO has highlighted the need for a multilateral system for global sustainable development. It was stated that it has become inevitable to fight policies and restrictions against global trade. These decisions and proposals also have far-reaching consequences. Prime Minister Shehbaz Sharif stressed that the international community should fulfill its responsibility for an immediate and unconditional ceasefire in Gaza. He said that the international community should come forward to help them on humanitarian grounds with the demand of the transitional government of Afghanistan for political inclusion on a comprehensive basis so that no organization can use the Afghan soil for terrorism. Regarding BRI and CPEC, the Prime Minister says that they should not be seen in a limited political mirror. As far as the success of the 23rd Summit of the Shanghai Cooperation Organization is concerned, not only the host Pakistan, but all the participating countries deserve congratulations. It is necessary that the Shanghai Cooperation OrganizationIn order to advance the objectives, regular institutional work was continued within the organization and in the member countries.
The statement of Federal Board of Revenue (FBR) Chairman Rashid Mehmood Langriyal that the richest 5% of Pakistan does not pay taxes is a matter of great concern and concern for policy makers. While addressing the community, he said that our effort is not to increase the tax rate further because the traders and industrialists are suffering. In the words of Chairman FBR, it is important to add that the majority of responsible taxpayers consist of salary and wage earners, middle and poor people who have been paying taxes both directly and indirectly in various terms and yet the tax rate has been increased in the budget. The deficit is met by these same people, leaving them vulnerable to the longest period of hyperinflation.
A major factor in the terms of IMF loan programs has been the increase in tax rates, and in fact policy makers have Its strict requirements turned towards the common man who was crushed in the mill of inflation, however, the managing director of this institution urged the government of Pakistan to impose tax on the rich class. During the said meeting, Chairman F.B. Arne agreed with businessmen and industrialists that tax rates should be reduced to reduce their burden. The tax net should be increased with the reduction of the tax net, in which the inclusion of the mentioned 5% of the richest people and the elimination of corruption can be a milestone for the economy.
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