Plans for Upcoming Budget
Federal finance minister Muhammad Aurangzeb hinted at the government concession to tax burden relief on the salaried class in next fiscal year’s budget.
Economic stability and growth
Speaking in Lahore, Aurangzeb now illustrated signs of economic stability; rising stock market, stable currency, and lower policy rates. He emphasized that those improvements lay the grounds for sustainable growth.
Tax Reform and Business Promotion
The minister informs that business men have started consultation towards the budget preparation and are under reform process in the Federal Board of Revenue.
Overseas Confidence and Economic Outlook
Aurangzeb also reassured that meetings in Saudi Arabia, Dubai, and Washington indicate continued confidence in Pakistan’s economy. He also mentioned the rise in exchange reserves and increase in Roshan Digital Accounts and made it clear that progress will be supported mostly by the private sector.