Islamabad:
The country’s Minister of Finance said that the International Monetary Fund (IMF) was ready to give more money to the country, but that it also demands that the government will make tax reforms.
“The Prime Minister (Shehbaz Sharif]is clear on the [tax] The reforms undertaken by us, “said Muhammad Aurangzeb during the fight against an event organized by the Chamber of Commerce and Industries of Faisalabad on Saturday.
Aurangzeb said he was repeatedly asked why we have to ask for the IMF help. “You know why we have to go to the IMF. For the economy to continue to work,” he added.
He recognized that the salaried class brought the weight of taxes. He said the government wanted employees to submit a form. The Minister said that people belonging to seven different areas could submit these online forms by November of this year.
“We scan the whole [tax] system. You will see more improvements in the coming days. “”
Referring to a recent meeting by Prime Minister Shehbaz Sharif and the chief judge of Pakistan Yahya Afridi, he declared that the Prime Minister called on the CJ to ask him to quickly judge the affairs related to the tax.
He said that due to waiting tax cases, the country must undergo an annual loss of RS1 billion rupees each year.
He said he would like to talk about the policy rate and inflation, because they have had difficult problems for some time. He noted that interest rates decrease and that automobile financing has already experienced a reduction.
“Recently, the prices of sugar, ghee and other essential items have dropped. Each year, there are discussions on sugar prices, but sugar prices will decrease this Ramazan. He said that prices generally increased when there is an intermediary involved.
Speaking with reference to the Federal Government Rights initiative, he declared that various ministries and departments were merged to reduce spending.
“There are 43 ministries, including five to six, we are merged with other ministries. We have already completed work to abolish a ministry. We do all this to reduce expenses.
He said the government is currently making very difficult decisions, emphasizing three key areas. “We have to look to the future rather than dwell on the past. Right now, government computer science is how to evolve towards growth,” he added.
The minister said he was in Saudi Arabia last week, where more than 30 finance ministers were present. “The discussion there was on the transition from world trade to regional trade,” he said.
“I will make no promise that I will not be able to hold.
