In a recent address, Finance Minister Muhammad Aurangzeb emphasized the federal government’s dedication to easing the tax load on salaried employees. This announcement aligns with Pakistan’s broader strategy to enhance its tax-to-GDP ratio without imposing additional taxes on current taxpayers.
Commitment to the Salaried Class
Speaking to reporters in Lahore, Aurangzeb highlighted the government’s intention to lessen the financial strain on salaried workers. He acknowledged the significant contributions this group has made to national revenue and stressed the importance of equitable tax policies.
Meeting Revenue Targets Without Additional Burdens
Earlier this week, in an exclusive interview with Bloomberg News, the finance minister expressed confidence in achieving the country’s revenue objectives for the fiscal year without further taxing existing contributors. This approach is designed to balance fiscal responsibility with taxpayer fairness.
International Engagements Reflect Positive Outlook
Aurangzeb also shared insights from his recent diplomatic visits to Saudi Arabia, the UAE, and the United States. He noted a positive reception from the Pakistani diaspora and international stakeholders regarding Pakistan’s economic direction. His participation in the Emerging Markets Conference-2025 in Saudi Arabia underscored Pakistan’s active role in global economic discussions.
Economic Indicators Show Promising Trends
The finance minister pointed to encouraging economic signs, such as an increase in remittance senders to 35 million and a rise in Roshan Digital Account inflows. These developments suggest growing confidence in Pakistan’s economic policies and future prospects.
Private Sector as a Catalyst for Growth
Aurangzeb emphasized the crucial role of the private sector in driving economic progress. He highlighted the steady growth of foreign exchange reserves and reiterated the government’s commitment to supporting the construction industry while ensuring ethical practices in real estate.
This comprehensive approach reflects the government’s strategy to foster sustainable economic growth, ensure fair taxation, and engage constructively with both domestic and international partners.
