Might 27, 2025 (MLN): The federal government is dedicated to shifting the tax burden away from the already compliant formal sector and salaried class in direction of segments of the economic system which have up to now remained undocumented or under-taxed.

This dedication was mentioned throughout a gathering between the Federal Minister for Finance and Income, Senator Muhammad Aurangzeb, and a delegation of the All Pakistan Ceramic Tiles Producers Affiliation (APCTMA), led by Abdul Rehman Talat, Government Director of Orient Ceramica, on the Finance Division.

The delegation shared an in depth trade temporary, noting that the present put in tile manufacturing capability in Pakistan stands at roughly 560,000 sq. meters per day.

This capability is backed by over Rs100 billion in investments, almost 60% of which is overseas direct funding from China, as per the press launch issued right now.

The trade, they added, has made exceptional strides in localization, lowering its import dependency from 74% to simply 4%, and now relying virtually fully on native uncooked supplies and labour.

They expressed confidence in bringing this determine all the way down to 1% within the close to future, making ceramic manufacturing a number one instance of indigenous industrial functionality.

The Finance Minister appreciated the sector’s localization efforts and acknowledged its contribution to import substitution, employment, and home worth chains.

He shared his observations from a current go to to ceramic items in Gujranwala, the place he witnessed firsthand the high-quality manufacturing and superior expertise being employed by native producers.

“Industries like ceramics demonstrate that with the right policy support, Pakistani manufacturing can match international standards,” the Minister acknowledged.

Discussions additionally coated key reform areas, together with power sector reforms and the federal government’s efforts in bettering the benefit of doing enterprise.

The Finance Minister assured the delegation that reforms within the power sector are a prime coverage precedence.

He added that the federal government is engaged on a sequence of measures aimed toward bettering affordability, guaranteeing reliability, and shifting in direction of a extra environment friendly and focused power pricing construction.

On ease of doing enterprise, he reaffirmed that the federal government is actively partaking with stakeholders to simplify regulatory procedures, scale back compliance burden, and create a steady and predictable coverage setting to draw additional funding.

The Finance Minister additional emphasised that broadening the tax base is important to attaining fiscal stability and selling equity within the economic system.

On this regard, he famous that the Prime Minister is personally main high-level conferences to drive ahead reforms that improve transparency, documentation, and financial fairness throughout all sectors.

The APCTMA delegation appreciated the federal government’s inclusive strategy and reaffirmed their dedication to supporting insurance policies that strengthen Pakistan’s industrial competitiveness and financial resilience.

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Posted on: 2025-05-27T23:26:34+05:00