PM Shehbaz Orders Reducing Income Tax for Salaried Class

Minister of State for Revenue Ali Pervez Malik Thursday said Prime Minister Shehbaz Sharif has directed to reduce the income tax burden on the salaried class.   Speaking to media, the minister also pointed out that inflation has significantly come down, from over 35 percent to around 7 percent.   He said the federal government imposed taxes worth Rs. 3,500 billion but added that tax evasion needs to be stopped.    Malik said that the government took some unpopular decisions but now things are on the right path due to these decisions. He also highlighted that the current account deficit had reached $18 billion which has now been controlled. He said that to take the country out of economic troubles, the government must enhance its revenue collection.    He also claimed that the government is taking measures to ensure that the current International Monetary Fund (IMF) program is the last. He also pointed out that to improve FBR’s enforcement the government has approved a summary to increase its resources.