Finmin suggests reducing the financial burden of grade in the upcoming budget

The newly appointed Finance Minister Muhammad Aurangzeb, after taking oaths in Islamabad, is 11 March 2024. – Ministry of Finance

Finance Minister Muhammad Aurangzeb announced on Sunday plans to reduce the financial burden for the grade in the upcoming budget.

His remarks came days after thousands of government -employed staged a protest demonstration in Islamabad and demanded withdrawal of pension reforms and increase in wages and allowances.

During his interaction with journalists in Lahore, the Finance Minister highlighted positive financial indicators, including an increase in transfer dispensers to 35 million and an increase in Roshan Digital Account influence.

Aurangzeb emphasized the important role of the private sector in driving the country’s economic progress and said the currency reserves steadily waxed, Radio Pakistan reported.

The Minister also expressed his commitment to supporting the construction industry and at the same time ensuring any game activities in real estate.

A day earlier, Finans Czar said the government’s steps to expand the tax base reduced the burden of the national treasury.

When he spoke in Faisalabad, Finance Czar confirmed that Pakistan’s economy is moving toward improvements, driven by key reforms.

Aurangzeb emphasized that a lower political rate has also given business owners and ongoing financial stability measures to produce positive results. He also reiterated that inflation has fallen into single digits, giving relief to the public.

The Minister of Finance emphasized that the recent tax reforms had significantly increased income collection. He approached concern to seek help from the International Monetary Fund (IMF) and noted that sustainable governance only cannot rely on charity and emphasize the importance of a strong financial framework.

Aurangzeb also emphasized the need for cooperation on public-private sector to drive economic growth, saying that working together is crucial to long-term progress.

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