Finance Minister Muhammad Aurangzeb has announced efforts to simplify the tax return process for salaried individuals, highlighting that similar measures have already been implemented in other countries.
Speaking at an event titled Dialogue on Economy in Islamabad on Tuesday, he welcomed the recent reduction in the policy rate, calling it a “good omen” for boosting business confidence.
The minister also expressed satisfaction over the rise in remittance inflows and IT exports, describing it as a positive indicator for Pakistan’s economy.
On the budget for the next financial year, Aurangzeb said consultations with various chambers of commerce and industry will take place next month to incorporate their input. He added that government departments have been directed to prepare their expenditure plans for the next fiscal year.
Reiterating Pakistan’s commitment to international financial obligations, the minister assured that the government is determined to fulfil its commitments with the International Monetary Fund.
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