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Finance Minister Muhammad Aurangzeb on Friday said that the government was committed to reducing the disproportionate tax burden on certain classes by widening the tax net.
Speaking on the Geo News programme ‘Aaj Shahzeb Khanzada Kay Saath’ following the unveiling of a Rs18.8 trillion budget for the next fiscal year, Aurangzeb said: “Exporters, manufacturers, the IT sector, construction and the salaried class — we tried to give them relief. Now the direction of travel is identified, and we will continue working to reduce the disproportionate tax burden by widening our tax net.”
Responding to a question regarding practical measures to expand the tax net and ensure compliance, the finance minister said that the government needs to adopt a twofold strategy: tax deepening and broadening.
“By deepening, I mean that we need to fix leakages, fight corruption and tax evasion through compliance and enforcement. I believe we will get huge upside through this,” he said.
