Heading: AURANGZEB HINTS AT TAX REFORMS FOR PAKISTAN’S SALARIED GROUP - 2025-01-28
BR Web Desk Published January 28, 2025 Finance Minister Muhammad Aurangzeb acknowledged the “disproportionately high burden†on the country’s salaried group, hinting at a review of the current tax slabs. “This is my personal view, that indeed, on the salaried class side, there is a disproportionately high burden. “The reality is that we do need to think about the various tax slabs that we have. However, I cannot make any commitment around that,†he said. Speaking at the event titled “Dialogue on the Economyâ€, organized by the Pakistan Business Council (PBC) on Tuesday, the finance minister said that the government intends to simplify the tax filing process for the salaried class. “We want to make life simpler for the salaried class in Pakistan.†He informed that the government has also kicked off its budget process in the first week of January. “This will allow us the time to have a detailed discussion,†he said. Aurangzeb said consultations with business chambers are planned to start in February, with detailed feedback expected by March-April. “We are in the Fund (IMF) programme, we have made commitments, and therefore few things might have to be phased in or phased out,†he said. As per a Finance Division circular, the budget for the next fiscal year 2025-26 will be presented in the first week of June 2025. Meanwhile, Aurangzeb reiterated that all economic indicators are moving in the right direction. Referring to the Monetary Policy Committee’s (MPC) decision on Monday, where the central…