Finance Minister Senator Muhammad Aurangzeb reaffirmed on Saturday the government’s commitment to bring all traders into the tax net, underscoring that no exceptions would be made.
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Aurangzeb Outlines Revenue Boost and Expenditure Cut Measures
Pakistan’s Finance Minister, Senator Muhammad Aurangzeb, outlined a two-pronged strategy to bolster the national economy during a press conference today. The plan emphasizes increased revenue generation alongside significant expenditure reductions to achieve sustainable economic growth.
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Economy Unsustainable at Single-Digit Tax Ratio: Aurangzeb
Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, reiterated the pressing need for digitization and broadening the tax base, emphasizing that a tax to GDP ratio below 10 percent is unsustainable for managing Pakistan’s economy.
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Retailers to Face Harsh Penalties for Selling Smuggled Cigarettes
In a bid to crack down on the illicit trade of cigarettes, the Federal Budget for the fiscal year 2024-2025 has introduced stringent measures against retailers found selling fake, smuggled, and non-taxpaid cigarettes.
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Aurangzeb Presents Tax-Heavy and Deficit-Laden 2024-25 Budget
Senator Muhammad Aurangzeb, the Minister for Finance and Revenue, unfolded the details of the Rs 18.877 trillion federal budget for the fiscal year 2024-25 in a session of the National Assembly on Wednesday.
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Pakistan Set to Unveil Rs 18 Trillion Outlay for 2024-25 Budget
PkRevenue.com — Pakistan is poised to present its federal budget for the fiscal year 2024-25 today, with an estimated outlay exceeding Rs 18 trillion.
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Pakistan to Announce 2024-25 Budget on June 12, 2024
PkRevenue.com – Pakistan announced on Monday that the federal budget for the fiscal year 2024-25 will be presented in the parliament on Wednesday, June 12, 2024.
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Aurangzeb Confirms Tax Exemption for FATA, PATA Ends June 30
Federal Minister for Finance Senator Muhammad Aurangzeb disclosed to the National Assembly on Thursday that there are no plans for new legislation to extend tax and duty exemptions for the erstwhile Federally Administered Tribal Areas (FATA) and Provincially Administered Tribal Areas (PATA) regions.
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Finance Minister Commits to Resolve Tajir Dost Scheme Concerns
Islamabad, April 23, 2024 – In a key meeting held on Tuesday, Finance Minister Senator Muhammad Aurangzeb promised to address the concerns of the association of small traders regarding the recently introduced Tajir Dost Scheme.
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Finance Minister Rules Out Rupee Devaluation Ahead of IMF Talks
Finance Minister of Pakistan, Muhammad Aurangzeb, has unequivocally ruled out any substantial rupee devaluation in anticipation of forthcoming discussions with the International Monetary Fund (IMF).
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