Islamabad:
Federal Finance Minister Mohammad Aurangzeb says consultation has been initiated for the next fiscal year for federal budget 26-2025. All chambers and industrialists have sought suggestions till February 8. Bills were passed in P and Sindh, FBR reforms are underway.
According to the details, Federal Finance Minister Mohammad Aurangzeb visited the Islamabad Chamber. Speaking on the occasion, he said that Chief Justice of Pakistan Justice Yahya Afridi has met today. Gay, tax issues and settlement issues will be resolved.
He said that the budget started consultation on the issues of 26-2025, all the chambers and industrialists have sought suggestions by February 8, will review SMEs in order to provide targeted subsidy, the business community in April and May. Bringing suggestions, appeals begin after presenting the budget, 4 months of time is wasted in the process.
He said that this time after consultation, the budgeting process was started in January. Business community proposals have been heard from January 2025, I have received some suggestions, should be discussed before the budget, we do not put a court. Want to sit, we have to go to the business community.
The Federal Finance Minister says that we have to change the DNA of the economy, want to gain economic growth from exports, increase our capacity on each side to increase our revenue, the structural benchmarks are in the right direction.
Mohammad Aurangzeb further said that bills were passed in Punjab, KP and Sindh regarding agricultural tax. In Balochistan, agricultural income tax is also being considered, FBR reform process is underway.
He said that structural reforms are underway in various sectors including energy, taxation, SOs and public finance, tax burden on salaried and manufacturing class is inappropriate, progress has been made regarding agricultural income tax.
The Finance Minister said that to increase revenue, technology has to improve efficiency in various sectors, structural reforms are underway in various sectors including energy, taxation, SOs and public finance, under which quantity and structure benchmark There have been signs of national financial agreements in connection with the structure benchmark. After Khyber Pakhtunkhwa, Sindh has also made progress in regard to agricultural income tax, Balochistan will also take steps in this regard.
He said that from somewhere we have to start, the tax burden on the salaried and manufacturing class is inappropriate. If the tax base is expanded, the burden will be equal, the progress regarding agricultural income tax is welcome.
He said that we hope that Pakistan will be in good shape in a six -month review with the International Monetary Fund.
He said that suggestions and suggestions have been sought from all the chambers and ministers by February 8. He said that he would go to various chambers and take all suggestions. Pakistan is currently in the program with the IMF, according to this program. Similarly, we asked the government agencies to give their suggestions for the budget, the agricultural tax bill has passed from Punjab, KP and Sindh. It is hoped that the agricultural tax bill will be approved soon from Balochistan.
The Finance Minister said that there are more than a year efforts for economic stability, large groups are ready to invest in Pakistan, inflation has risen to 3 %, inflation is slowly down all over the country. The percentage has come.
Mohammad Aurangzeb said, “Our transaction is on loans which have to go down gradually to go down wherever the target subsidy is needed. I have been dealing with the government with the private sector. Some people are happy and some unhappy in the budget.” Yes.
He said that we have started the budget preparations in January and requested that whatever suggestions are sent, we will review the target subsidy to SMEs, in April, business community people in May. Budget suggestions come up.
