Tax Refunds to Exporters in Three Days: Finance Minister
In a recent press conference, Finance Minister Muhammad Aurangzeb announced that tax refunds will now be processed and refunded to exporters within three days. He also mentioned that the Public Sector Development Programme (PSDP) has been reduced and ministers are not receiving salaries.
The minister expressed gratitude towards 42,000 new retailers for registering and informed that they will be taxed starting July 1st. He emphasized the importance of tax compliance and stated measures have been taken to ensure non-filers are encouraged to file their taxes.
Highlighting the significance of IMF programme for macro-economic stability, he assured the government’s commitment to reform and improve the economy. The minister pledged to reduce the burden on the common people and businesses by implementing better management systems and reducing leakages.
Overall, the minister remains optimistic about the economic conditions and aims to successfully navigate through the Extended Fund Programme with larger and longer-term benefits.