The government is moving toward full deregulation of the sugar and wheat sectors to eliminate state involvement, Finance Minister Muhammad Aurangzeb said on Wednesday.
A tax policy has been separated from the Federal Board of Revenue (FBR) and shifted to the Finance Division. The upcoming budget will be prepared by the new tax policy office to ensure consistency and transparency.
Aurangzeb said the government aims for export-led growth, with every sector required to contribute to exports. He added that eight new working groups are addressing industrial and export challenges in consultation with the business community.
He said tariffs on industrial raw materials and intermediaries will be reduced to support export-oriented industries. Textiles remain the backbone of exports, while IT and pharmaceuticals are recording strong growth.
The minister said the upcoming National Finance Commission (NFC) meeting will review provincial shares in the federal divisible pool.
On Reko Diq, he said operations will begin in 2028 with the first export valued at $2.8 billion.
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Legalizing mafia. Wow just wow
This is the new norm of this govt. Rise in taxes but allow mafia to do as They please.
This is how cartels are made
Means Sugar mafia and Wheat mafia will start looting AWAM like IPPs?
When govt allowed electricity companies to do as they please
Now same companies want to impose charges on people who DON’T buy much from them.
Aurangzeb is a stooge for the biggest bidder.
The hoarders can take maximum benefits
So first kindly ban export of both even aata to Afghanistan then let the market decided
V good 👍
1st to give permission to public to produce sugar , them a competitive prices can offer.
Salute you the most honest people of the world. May God wrath fall on you all!
Govt of punjab still interfere in wheat sale Punjab ban on inter provence move of wheat. Punjab Govt doesn’t allow to sale our wheat in other province.
Shame on you Govt. And definitely nothing but looting the poors and farmers
Just reviewing the list of owners of Sugar mills and floor mills, one can get clear picture of the actual beneficiaries / looters.
Yes, it will be another version of IPPs.