Might 26, 2025 (MLN): The forthcoming federal price range, scheduled for June 10, will embrace tax concessions geared toward lowering the monetary pressure on salaried people, mentioned Finance Minister Muhammad Aurangzeb.

He added that the federal government is actively working to ease the tax burden on salaried individuals, noting that their revenue is taxed as quickly as it’s credited to their accounts.

He pressured the necessity for a strategic path within the price range, not only a assertion of revenue and expenditure.

“We are taking bold steps in the upcoming budget to show where the economy stands and where it is headed,” he mentioned.

Aurangzeb mentioned Pakistan’s financial restoration is gaining worldwide recognition, with the pace of enchancment stunning observers, as per the press launch issued.

He outlined that digitization within the Federal Board of Income (FBR) is underway, and lowering human intervention will enhance transparency.

The finance minister additional famous that reforms are being launched within the tax system, vitality sector, and different areas.

“We have already handed over 24 SOEs to the Privatisation Commission,” he mentioned, including that the financial system is transferring in the direction of technological transformation.

The minister shared that in latest conferences with buyers in Washington and London, Pakistan obtained a optimistic response on its financial outlook.

“The world is happy with Pakistan’s macroeconomic stability,” he mentioned, reaffirming the federal government’s dedication to long-term reforms.

He additionally talked about the federal government is engaged on simplifying the tax submitting course of for salaried people and pushing ahead with pension reforms.

Aurangzeb expressed hope that the nation’s debt compensation burden will ease and mentioned local weather change stays a significant problem, for which essential reforms are underway.

Measures will even be taken subsequent 12 months to enhance the debt administration system.

He famous that rightsizing efforts are ongoing in federal authorities departments.

Later, Aurangzeb mentioned the federal government will help Pakistan’s armed forces to the fullest extent potential, stressing that nationwide defence is a collective want, not simply that of the navy.

Addressing the Worldwide Financial Fund (IMF) programme, he revealed there have been makes an attempt to derail Pakistan’s case by disrupting the board assembly.

“Efforts were made to delay the meeting and exclude Pakistan’s agenda,” he mentioned. Nevertheless, the case was mentioned on advantage, and Pakistan fulfilled all IMF targets.

“If we had failed to meet the targets, we would have faced serious difficulty,” he mentioned.

He confirmed that the implementation of the IMF programme continues, and the IMF mission has already departed after constructive talks. Digital discussions with the IMF will proceed throughout the present week.

Aurangzeb additionally clarified that no resolution has been made but concerning changes to civil or navy salaries.

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Posted on: 2025-05-26T16:53:23+05:00