Country can't be run sans taxes: Aurangzeb

Business Aug, 6 2024
Country can't be run sans taxes: Aurangzeb
  • 202
  • 0

 ISLAMABAD: Minister Muhammad Aurangzeb said that country couldn't be run through charity as taxes were necessary for smooth functioning of state matters.

Speaking at ceremony here, he said that government would reach staff-level agreement with International Monetary Fund (IMF) at end of this month, adding that government would push global lender for climate financing afterwards. "Pakistan is included in list of countries battered by climate change. Pakistan will also have to take measures for controlling population along with climate action," he emphasised. He said that bureaucracy was omnipresent, therefore he deemed private sector's advancement in every filed necessary. Aurangzeb said government will ensure that number of taxpayers increases. Only about 5 million people in Pakistan pay taxes. 

Aurangzeb admitted that there was serious trust deficit among international donors, remarks that come as Pakistan awaits realisation of pledges made to help it recover from devastating floods of 2022. Addressing Climate Action for Pakistan organised by Acumen Pakistan, he said that during discussions in Geneva, in backdrop of devastating floods in 2022, pledges to tune of $ 9 billion were made."This shows that there is no dearth of funds as people understand emergency here, but by and large we could not have those pledges materialise into actual funding. "Reason for that is we needed to come up with projects that were credible, projects which could be monitored and on basis of that whole discussion was going to go forward. "And reality is people don't trust government and I am in government, so therefore it is private sector which has to lead country in all aspects," he said. He said government needed to ensure ownership and accountability of those funds.

NC Big Stories

Army top brass warns of ‘sure, decisive’ response, if India attempts to impose war

RAWALPINDI: The army’s top brass yesterday warned India of a “sure and decisive” response should it attempt to impose war, as relations deteriorated between Islamabad and New Delhi amid rising tensions after last week’s attack...

“Dr. Asim Hussain leads the charge: District Central says no to illegal constructions”

KARACHI: Dr. Asim Hussain, a senior leader of the Pakistan Peoples’ Party, has spearheaded a robust drive in District Central to eliminate illegal constructions. His initiative has brought together stakeholders from various political parties, l...

Zero Hunger in Pakistan: A Chemistry Student’s Vision for Sustainable Solutions

Growing up in the UAE with Canadian-Pakistani roots, my connection to Pakistan was always heartfelt yet somewhat distant. It wasn’t until I had the chance to intern there that I truly grasped the country’s struggles. The stark realities o...

India involved in state-sponsored cross-border terrorism: DG ISPR

ISLAMABAD: Director-General (DG) of Inter-Services Public Relations (ISPR) Lieutenant General Ahmed Sharif Chaudhry presented yesterday "irrefutable" evidence of Indian-sponsored terrorism in Pakistan, days after New Delhi accused Islamabad of the Pa...

More like this
Related

ADB projects Pakistan's GDP growth at 2.5%, inflation at 6%

ISLAMABAD: The Asian Development Bank (ADB) has projected Pakistan's GDP growth to remain steady at 2.5% in the fiscal year 2025 (FY2025), with a slight increase to 3% in FY2026. The growth is supported by the implementation of a reform program that...

Pakistan, Turkiye sign joint bidding agreement for offshore oil exploration

ISLAMABAD: In a significant step towards enhancing bilateral cooperation in the oil and gas sector, Pakistan and Turkiye have signed a joint bidding agreement to jointly participate in an offshore bid round in Pakistan. The agreement was signed on th...

Alvarez & Marsal delegation calls on FinMin Aurangzeb

ISLAMABAD: In a significant move towards enhancing Pakistan's economic future, Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, hosted a high-level delegation from global professional services firm Alvarez & Marsal at the Fin...

Rupee falls further against USD

KARACHI: The Pakistani rupee experienced a slight depreciation of 0.06% against the US dollar in the inter-bank market on Tuesday, closing at 280.73, down by Re0.16 from the previous session's closing of 280.57. Internationally, the US dollar struggl...
Need Help? Chat with us