Federal Finance Minister Muhammad Aurangzeb stated that Pakistan's economy is progressing, citing decreased inflation and increased exports as evidence. He emphasized the importance of tax revenue growth and praised Prime Minister Shehbaz Sharif's efforts in stabilizing the economy.
ISLAMABAD - Federal Finance Minister Muhammad Aurangzeb asserted that Pakistan's economy was on the path to progress, attributing a decrease in inflation to government policies. He emphasised the necessity of increasing tax revenue .
He noted that that the country's foreign exchange reserves were at an all-time high and a 4.5% reduction in the policy rate had occurred due to lower inflation.He commented on the stock market, expressing optimism about it breaking new boundaries, stating that macroeconomic stability had laid the foundation for a strong economy.
He urged the private sector to lead the country's growth and announced to bring experts from abroad to assist in this effort.He also revealed that 723,000 new filers have entered the tax net this year, doubling the number from the previous year. The total number of tax filers has now reached 3.2 million, up from 1.6 million.He warned that non-filers would face challenges in purchasing vehicles and properties and would encounter difficulties with bank transactions.
He disclosed the introduction of reforms in the Federal Board of Revenue and clarified that FBR wasn’t mandated for audit and 2,000 charter accountants were being recruited for said purpose.
Pakistani Economy Inflation Exports IMF Program Tax Revenue
پاکستان تازہ ترین خبریں, پاکستان عنوانات
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