The Minister of Finance, Muhammad Aurangzeb, announced on Sunday the intention of reducing the financial burden of the salaried class in the coming budget.
His remarks occurred a few days after thousands of government employees organized a protest demonstration in Islamabad, demanding the withdrawal of pension reforms and an increase in remuneration and compensation.
During his interaction with journalists in Lahore, the Minister of Finance highlighted positive economic indicators, in particular an increase in funders of funds to 35 million and an increase in digital account entries.
Aurangzeb underlined the vital role of the private sector in the motivation of economic progress in the country, declaring that exchange reserves increased regularly, Radio Pakistan reported.
The Minister also expressed his commitment to support the construction industry while not ensuring any real estate game activity.
One day earlier, the financial Czar said that the government’s decision to expand the tax base reduced the burden of the national treasury.
Speaking in Faisalabad, the financial tsar said that Pakistan’s economy is moving towards improvement, driven by key reforms.
Aurangzeb stressed that a lower policy rate also benefited business owners and that continuous economic stability measures gave positive results. He also reiterated that inflation has decreased to a single figure, relieving the public.
The Minister of Finance stressed that recent tax reforms had considerably increased income collection. Responding to concerns about the request for assistance from the International Monetary Fund (IMF), he noted that sustainable governance cannot rely solely on charity, stressing the importance of a solid economic framework.
Aurangzeb also underlined the need for collaboration from the public-private sector to stimulate economic growth, declaring that working together is crucial for long-term progress.