Finance Minister Muhammad Aurangzeb Monday said that the country’s economy was heading in the right direction, the currency was stable, the inflation rate reached single digit and remittances and exports were all the time high during July and August.
The minister said the country cannot be run through charity and everyone will have to pay taxes.
Responding to calling attention notices of Senator Mohsin Aziz and Senator Zeeshan Khanzada in the Senate’s session about the issue of shrinking of loans, surging of debts in the private sector, and the process of digitalization of FBR, the minister said that upholding fiscal discipline was a key to the economic growth.
The minister stressed the need for structural reforms and said that if the country succeeds in reforming the state-owned enterprises and energy sector it would be the last program of the IMF.
“Our revenue and exports would increase while borrowing would decrease if we preserve fiscal discipline,” the minister added.
He said that the government has allocated subsidies for the SME sector in the budget for FY25, adding the digitization process of FBR was underway. He said agriculture, and Information Technology sectors have been prioritized by the government.
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country’s people and their lifestyle should not look like they are living life on charity.
The taxes collected should be spent for the goodwill of country’s people by providing roads, water, electricity, education, health, protection through law.
Good joke . Our taxes go to Lumber 1
Pehle khud to pe Kar. Apne Lumber 1 sugar daddy ko bol wow bhi pay kare