Country can't be run sans taxes: Aurangzeb

Business Aug, 6 2024
Country can't be run sans taxes: Aurangzeb
  • 114
  • 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

Diamer-Bhasha Dam and other small dams

Nature has blessed Pakistan with vast water reservoirs, which can be harnessed to generate cheap electricity and make millions of acres of barren land cultivable, but we have...

ECP says under Elections Act, PTI can be banned for 5-year

ISLAMABAD: Election Commission of Pakistan has approved Pakistan Tehreek-e-Insaf’s request for some time to submit record in party’s intra-party election case. Com...

Pakistan ensures effective border management with Iran: Khawaja Asif

Islamabad: Defence Minister Khawaja Asif said that Pakistan has taken all necessary steps to ensure effective border management with Iran. According to details, Iranian Ambass...

PTI links talks on constitutional amendments to Imran Khan’s release

Islamabad: Senior Pakistan Tehreek-e-Insaf leader Ali Muhammad Khan has urged government to release party’s founder Imran Khan from Adiala Jail before engaging in talks...

More like this
Related

Gold sheds value

KARACHI: Per tola price of 24 karat gold decreased by Rs 300 and was sold at Rs 267,700 per tola on Wednesday compared to its sale at Rs 268,000 on last trading day. Price of...

KSE-100 gains 970pts on heavyweight scrips

KARACHI: Pakistan Stock Exchange (PSX) benchmark KSE-100 Index, led by buying activity in index-heavy shares, crossed 80,000 level. KSE-100 started session with buying spree t...

KCCI Elections: Ruling BMG turns to court to halt elections

KARACHI:  Businessmen Group (BMG), dominated Karachi Chamber of Commerce and Industry (KCCI) for decades, is panicking due to certainty of its defeat in upcoming 2024-26...

CCP cracks down on unfair business practices

ISLAMABAD: Competition Commission of Pakistan (CCP) has intensified its crackdown on monopolies and collusive practices across various business sectors. In significant push...
Need Help? Chat with us