Federal Minister for Finance Muhammad Aurangzeb said on Thursday that a common man should not be burdened with taxes. Addressing a press conference in Islamabad, with federal ministers and Federal Board of Revenue (FBR) Chairman Rashid Mahmood Langrial sitting alongside him, Aurangzeb said that a taxpayer’s expenditures should be compatible with his income. “We will take the tax-to-GDP ratio to 13 percent in the next three years,” he added. He further said that the government was committed to meeting the revenue collection target and was also taking steps to bring down inflation.    

Speaking on the occasion, Langrial said that new tools had been introduced in the tax system. “Everybody will have to pay the taxes,” he said, adding, “The FBR is making efforts to make sure that more and more people pay their taxes.” Minister of State for Finance, Revenue, and Power Ali Pervaiz Malik said that inflation taxed a common man’s purse the most. “If the government wants to overcome inflation, then it will have to overcome deficits,” the minister emphasized. 

Credit: Independent News Pakistan (INP)