- Poultry, drinking sectors to cope with law implementation measures: Langrial.
- “List of priorities ready to improve the application in different sectors.”
- The head of the FBR admits a salaried class with more tax burden in the country.
Federal President of the Revenue Council (FBR), Rashid Mahmood Langrial, said on Wednesday that application measures would be extended to other sectors after the country had experienced a positive result of similar actions in the sugar sector.
His statement one day reached after the federal government unveiled the budget of 17.57 Billions of Rupes ($ 62.24 billion). The target budget for higher income and a significant reduction in the budget deficit within the framework of the reforms supported by the International Monetary Fund (IMF).
The government aims to growth in GDP of 4.2% in the year 2026, against 2.7% this year, which was revised compared to 3.6% initial as an asgid and a large-scale manufacturing. Income is expected to increase by more than 14%, pulled by new taxes and expanding the tax base. The budget deficit is targeted at 3.9% of GDP, compared to 5.9% of this year.
Speaking on the Geo News “AAJ Shahzeb Khanzada Kay Sath” program, Langrial called on to stimulate tax revenue thanks to application measures.
The higher officer said that the income committee had seen an increase of approximately 39% of sugar sector taxes via application measures, without any change at the tax rate or any difference in sugar cane production.
“It was a case of testing for us (so that the sweets respect the tax measures) in which we have succeeded,” said Langrial. The 39% increase in taxes has proven that there was a conformity difference, he added.
Chef FBR said some sweets have closed production after 100%surveillance.
He detailed that the FBR used digital means and sources of intelligence to monitor sugar factories, in addition to strict surveillance from the Revenue Board team.
He continued by saying that implementing measures would be taken against the poultry and drinks sectors in the next fiscal year. He added that the FBR will hold infallible production monitoring.
The FBR has prepared a priority list to improve application in different sectors, he said. “The way the government is working this year, I am convinced that the mafia will not be able to succeed,” said Langrial.
He also hoped that the country would not face a income deficit in the next financial year. The president of the FBR admitted that the salaried class was carrying more tax burden.
One day earlier, the Minister of Finance Muhammad Aurangzeb urged compliance with tax measures by various sectors.
The financial TSAR, speaking in the same program one day, said that the government favored structural reforms, implementing measures and relief for low -income groups to ensure fair budgetary growth.
The Minister has categorically excluded the introduction of any new tax, declaring that the country must now rely on the application to increase income and go to the target of a tax / GDP ratio of 13.5%.
He said that the application will play a central role in the leak branch, the resolution of tax litigation and the widening of the net, especially in the retail and wholesale sectors. He revealed that the government had already collected 390 billion rupees through application measures, an initially doubted feat of the International Monetary Fund (IMF).
“A projection of income linked to the almost similar application was made for the next exercise, supported by the history of the government,” he added.
Finmin Aurangzeb presented the federal budget for the financial year 2025-2026 with a total of RS17.57 Billions roads, set a growth target of 4.2% GDP and overall federal expenses were reduced by 7%.
He also stressed that the budget for the next financial year was the start of the strategy, in particular taking place to promote a competitive economy.