The Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, reiterated the government’s commitment to achieving sustainable and inclusive economic growth, which he described as imperative for the progress and prosperity of the nation.
Senator Aurangzeb emphasized that Pakistan has attained economic stability through the federal government’s goal-oriented policies. He asserted that these reforms are now yielding tangible benefits for the people, ensuring a more stable financial environment.
The government has taken significant steps to simplify taxation, making it easier for businesses and individuals to comply.
The Tax Policy Office will serve as a crucial facilitator, helping traders and taxpayers navigate the system more efficiently.
By removing bureaucratic hurdles, the government aims to create a seamless taxation experience that encourages compliance and fosters business growth.
Private Sector’s Role in Economic Growth
Senator Aurangzeb urged the private sector to step forward and play an active role in the country’s economic development.
He highlighted that private sector-led industrialization is key to generating employment opportunities for Pakistan’s youth and reducing poverty levels.
The government is working towards creating an investment-friendly climate, ensuring that businesses can thrive and contribute to economic growth.
As a result of prudent economic and fiscal policies, Senator Aurangzeb noted the following key achievements:
- Decreased Current Account Deficit: The Pakistani rupee has strengthened, leading to a more balanced and resilient economy.
Government’s Commitment to Business and Industrial Growth
The government recognizes the significance of incentivizing the business and industrial sectors to create more employment opportunities. The focus remains on strengthening local industries while simultaneously encouraging foreign direct investment (FDI).
Senator Aurangzeb reaffirmed his commitment to addressing the concerns of the business community.
The path to prosperity, according to Sustainable Senator Aurangzeb, involves striking a delicate balance between revenue and expenditure.
The business community used this opportunity to highlight their grievances and express their expectations for pro-business policies.
