The country’s finance minister has said that the International Monetary Fund (IMF) is ready to give more money to the country, but it also requires the government to make tax reform.

“The Prime Minister {Shehbaz Sharif]is aware of [tax] Reforms implemented by us, “Muhammad Aurangzeb said, talking about an event organized by Faisalabad Chamber of Commerce and Industries on Saturday.

Aurangzeb said it is repeatedly asked why we need to seek help from the IMF. “You know why we have to go to the IMF. So the economy can continue to work,” he added.

He acknowledged that the grade had load -bearing taxes. He said the government wants the paid persons to submit a form. The minister stated that people belonging to seven different fields would be able to submit these forms online by November this year.

“We digitize the whole [tax] system. You will see more improvements in the coming days. “

With reference to a recent meeting with Prime Minister Shehbaz Sharif and Chief Justice of Pakistan Yahya Afridi, he said the prime minister urged CJ to request him to judge tax related cases quickly.

He said because of pending tax cases that the country should suffer an annual loss of RS1 trillion each year.

He said he would like to talk about the policy percentage and inflation, as these have been challenging problems for some time. He noted that interest rates are falling and autofinance has already seen a reduction.

“Recently, the prices of sugar, ghee and other important things have fallen. Every year there is discussion about sugar prices, but sugar prices will reduce this Ramazan. He said prices usually rise when there is an intermediary involved.

When he spoke with reference to the federal government’s rights initiative, he said different ministries and departments are merged to reduce spending.

“There are 43 ministries, five to six merging with other ministries. We have already completed work to abolish a ministry. We do all this to reduce spending.

He said the government is making very difficult decisions at the moment focusing on three key areas. “We have to look ahead instead of dwelling on the past. Right now, the government’s whole focus is on how to move toward growth,” he added.

The minister said he was in Saudi Arabia last week, when more than 30 finance ministers were present. “The discussion was about shifting focus from global trade to regional trade,” he said.

“I don’t want to give any promises that I can’t fulfill. You are all my stakeholders and I want everyone to move on. We have to work together and look ahead not backwards,” he added.