Islamabad: The government remains firmly committed to providing tax relief and driving export-led economic growth, according to Minister for Finance and Revenue Khurram Schehzad. He emphasized that strategic economic policies are being introduced to ease the tax burden on businesses and individuals while simultaneously enhancing Pakistan’s export potential.
Speaking at a press briefing, Khurram Schehzad highlighted that the government’s primary focus is on broadening the tax base rather than imposing additional taxes on existing taxpayers. He assured that small and medium enterprises (SMEs), exporters, and industrial sectors would receive targeted tax incentives to stimulate economic activity and create employment opportunities.
Export Growth as a National Priority
The finance minister underscored that boosting exports is key to achieving economic stability and foreign exchange reserves growth. He stated that the government is working closely with the commerce and industry sectors to remove barriers and streamline export processes. Policies are being formulated to encourage investment in value-added industries, technology-driven sectors, and agricultural exports.
“To strengthen Pakistan’s position in the global market, we are facilitating businesses by reducing bureaucratic hurdles and ensuring ease of doing business,” he noted.
Tax Relief Measures in the Pipeline
Khurram Schehzad reiterated that a progressive taxation system is being designed to provide relief to middle-class families, salaried individuals, and businesses. Efforts are being made to eliminate excessive taxation on essential goods while introducing measures that ensure tax collection remains fair and transparent.
He further mentioned that the Federal Board of Revenue (FBR) is working on modernizing the tax system, incorporating digital solutions to simplify tax filing and minimize the risk of tax evasion.
Strengthening Investor Confidence
The finance minister also pointed out that a stable and business-friendly tax environment is crucial for attracting both local and foreign investment. The government is actively engaging with stakeholders, including chambers of commerce, trade associations, and financial institutions, to develop policies that foster sustainable economic growth.
He assured that tax reforms and export-driven policies will lay the foundation for long-term economic prosperity, ensuring that Pakistan remains competitive in international markets.
The government’s commitment to tax relief and export expansion is expected to have a positive impact on job creation, foreign investment, and economic resilience, reinforcing Pakistan’s position as a key player in global trade.
