Pakistan’s Finance Minister Muhammad Aurangzeb has stated that the country’s exports will be incentivised, and border security has been tightened, adding that sugar — for the first time — was exported and not smuggled into Afghanistan.
He emphasized the importance of every dollar, highlighting that the banking sector has contributed PKR 30 billion to the government, surpassing the oil and gas sector in tax payments. He also assured that the upcoming budget will offer relief to salaried individuals.
Speaking at the Banking Summit in Karachi, the Finance Minister further emphasized the banking sector’s vital role in the national economy. He noted that banks now lead in tax payments, even surpassing the oil and gas industry, and operate within the framework of the documented economy.
Aurangzeb reiterated the government’s efforts to encourage the private sector and emphasized the importance of focusing on emerging markets. He also stated that privatization would drive development across various sectors and that the country must move towards sustainable and inclusive growth.
