In a significant move aimed at bolstering revenue and reducing the tax burden on current taxpayers, Pakistan’s Finance Minister, Muhammad Aurangzeb, announced that the government is abolishing the category of non-filers from its tax laws. Speaking in an interview with Voice of America during his visit to New York, the finance minister emphasized the need for a more streamlined and …
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The Economic Coordination Committee (ECC) of the Cabinet, chaired by Finance Minister Muhammad Aurangzeb, approved a substantial Rs60 billion relief package on Thursday to provide subsidized essential goods to poorer households. This move represents a 71% increase from the previous year’s allocation, driven by a significant rise in the prices of basic commodities. Key Features of the Relief Package The …
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The newly appointed chairman of the Federal Board of Revenue (FBR), Rashid Mahmood Langrial, has raised concerns about the feasibility of the FBR’s ambitious target of collecting Rs40 billion from traders for the current fiscal year. During a high-level meeting chaired by Finance Minister Muhammad Aurangzeb at the FBR headquarters, Langrial questioned the practicality of this goal, noting that the …
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