HomeBusinessInflation is coming down, hopefully the policy rate will also come down:...

Inflation is coming down, hopefully the policy rate will also come down: Federal Finance Minister

- Advertisement -
Federal Finance Minister Muhammad Aurangzeb – file photo

Federal Finance Minister Muhammad Aurangzeb says they can no longer burden the taxpayers, super tax, windfall tax is not sustainable, inflation is coming down, hopefully the policy rate will also come down.

Federal Finance Minister Muhammad Aurangzeb said during a media interaction at the Pakistan Stock Exchange in Karachi that sustainability will not come without stopping energy theft and leakages.

He says that the industry sector contributes 22% of the national production, 56% of taxes, will work together with them, the growth of the agricultural sector will remain unchanged in the third quarter, the industrial growth is linked to energy, it will continue to be. mixed..

Federal Finance Minister Muhammad Aurangzeb said that the PIA privatization is in an advanced stage, and if not now, then it will be very difficult.

He has said that the revenue target for this year is 9400 billion rupees, there are 1700 billion cases in the courts, only half of that amount should be collected, leakages are estimated at 3000 billion rupees.

Federal Finance Minister Muhammad Aurangzeb says that the income will be taken up to 12 thousand billion before reaching those who pay low taxes and who do not pay, they are building a privatization pipeline, focusing initially on institutions that n make a loss.

He says there is a need to reduce costs, PSDP is to move towards Public-Private Partnership, restructure FBR, focus on processes, people and technology.

Federal Finance Minister Muhammad Aurangzeb further said that Dr Shamshad Akhtar is working together, the policy rate and the exchange rate is the discretion of the State Bank, inflation is coming down, it is hoped that the policy rate will also come to down

He has also said that the size of the IMF program has not been discussed, and it is hoped that staff level agreement on the new program will be reached by the end of the current financial year.

- Advertisement -
RELATED ARTICLES

Most Popular