Pakistan’s finance chief pushes tax reforms matching IMF guidelines following budget presentation

Short Url
Updated 13 June 2024
Follow

Pakistan’s finance chief pushes tax reforms matching IMF guidelines following budget presentation

Pakistan’s finance chief pushes tax reforms matching IMF guidelines following budget presentation
  • Muhammad Aurangzeb says the government is striving to digitize tax system for improved revenue collection
  • He says that he wants to take the country to a more sustainable tax-to-GDP ratio in the next three to five years

ISLAMABAD: Federal Minister for Finance and Revenue Muhammad Aurangzeb emphasized on Wednesday it was crucial to widen the tax net by removing the “non-filer category” after presenting the first federal budget of the newly elected Pakistani administration which he said was in line with the International Monetary Fund (IMF) requirements.
The non-filer category includes those individuals or entities who, despite earning taxable income, do not file returns and refuse to be formally documented or contribute to the tax base as required.
Pakistan has faced significant challenges with tax evasion and a low ratio of tax filers compared to its population. A considerable number of potential taxpayers either avoid taxes altogether or do not file their returns, which leads to substantial revenue losses for the government.
Speaking to Pakistan’s Geo TV, Aurangzeb said he wanted to take the country to a sustainable tax-to-GDP ratio in the next three to five years.
“I don’t understand this term of non-filer,” he said. “This is the only country where there is a category of non-filers. What is a non-filer? Either you are paying taxes and you are on the active tax list or you are not.”
“The eventual end goal is that we have to eliminate this non-filer category from this country,” he added.
The government has set an ambitious revenue collection target of Rs13 trillion, which comes to about $47 billion, in the next fiscal year raise the overall tax-to-GDP ratio of 9.5 percent.
The minister said the budget had introduced punitive measures for those who refused to file taxes so they thought twice before refusing to bring their income on record.
Asked about the enforcement of tax reforms, he said the government was striving to digitize the whole system.
“The end-to-end digitization will help us with several things,” he said. “Why don’t people want to come into the [tax] net? They are afraid of being harassed. They think they will not be treated properly. The more we remove the human intervention in FBR [Federal Board of Revenue], that is the way to create trust and earn trust.”
Aurangzeb said the government had decided to treat health, education and agriculture as priority sectors and protected the salaried class.
However, he reiterated that the government’s aim was to move a direction where everyone was contributing to the national economy.


Minerals to be ‘real game changer’ for Pakistan’s economy— finance minister

Minerals to be ‘real game changer’ for Pakistan’s economy— finance minister
Updated 7 sec ago
Follow

Minerals to be ‘real game changer’ for Pakistan’s economy— finance minister

Minerals to be ‘real game changer’ for Pakistan’s economy— finance minister
  • Pakistan hosted minerals investment forum on Apr.8-9 to attract international investment in the sector 
  • Muhammad Aurangzeb urges all economic sectors to export to earn Pakistan valuable foreign exchange

ISLAMABAD: Pakistan’s Finance Minister Muhammad Aurangzeb said on Saturday that the country’s minerals sector would prove to be the “real game changer” for the national economy in the years to come, reiterating the government’s ambitions to ensure export-led growth.

His comments came following the Pakistan Minerals Investment Forum 2025 hosted by the government in Islamabad in collaboration with its partners from Apr. 8-9. The summit was aimed at attracting foreign investment in the country’s mining sector and saw participation from major international companies including Canada-based Barrick Gold and government officials from the United States, Saudi Arabia, China, Turkiye, the United Kingdom, Azerbaijan and others.

Pakistan is home to one of the world’s largest porphyry copper-gold mineral zones, while the Reko Diq mine in southwestern Balochistan province has an estimated 5.9 billion tons of ore. Barrick Gold, which owns a 50 percent stake in the Reko Diq mines, considers them one of the world’s largest underdeveloped copper-gold areas, and their development is expected to have a significant impact on Pakistan’s struggling economy.

But despite rich reserves of salt, copper, gold and coal, Pakistan’s mineral sector contributes only 3.2 percent to GDP and 0.1 percent to global exports. The country is now aiming to tap into this underutilized potential.

“So, 2028 onwards when we talk about whether we have an exportable surplus or not, from traditional sectors textile is going to remain absolutely critical for us as we go forward,” Aurangzeb said while speaking to members of the Lahore Chamber of Commerce. 

“IT services [also] as we go forward and minerals, as we go forward,” he added. “This [minerals sector] is going to be the game changer, the real game changer.”

Aurangzeb said the minerals summit hosted by Pakistan was reflective of the country’s economy heading in the right direction. 

He said around 300-400 delegates from several countries attended the conference with a keen interest in investing in Pakistan’s minerals. 

“These are all manifestations that we have to take this forward,” the minister said. 

Reiterating the government’s resolve to ensure export-led growth in the economy, Aurangzeb called upon all economic sectors to export their products to earn Pakistan valuable foreign exchange. 

“Every single sector has to export,” he said. “No one has taken the responsibility that only textile has to export or any other has to.”

The finance minister noted that Pakistan’s auto manufacturers have started exporting their products, saying there were markets for Pakistani exporters in the Gulf Cooperation Council (GCC) and African countries.


Pakistan skipper Rizwan says ‘not ashamed’ he can’t speak English fluently

Pakistan skipper Rizwan says ‘not ashamed’ he can’t speak English fluently
Updated 25 min 56 sec ago
Follow

Pakistan skipper Rizwan says ‘not ashamed’ he can’t speak English fluently

Pakistan skipper Rizwan says ‘not ashamed’ he can’t speak English fluently
  • Fans frequently poke fun at Mohammad Rizwan for his inability to speak English fluently during post-match conferences
  • Pakistani captain says nation demands cricketing achievements from him rather than ability to speak English fluently

ISLAMABAD: Pakistan’s ODI skipper Mohammad Rizwan said this week that he was “not ashamed” of his inability to speak English fluently, adding that only his ability to perform as a cricketer mattered at the end of the day. 

Rizwan, like several other Pakistani professional cricketers, had to choose the sport over education to pursue it as a full-time career. Fans have poked fun in the past at iconic Pakistani cricketers such as Javed Miandad, Inzamam ul Haq, Saeed Ajmal and others for their inability to speak English fluently. 

Since being appointed captain last year, Rizwan’s interactions with the media have increased. This has put his inability to speak English fluently with reporters from around the world in the spotlight. Cricket fans have poked fun at Rizwan with memes on the Internet while others have criticized him for not opting for a translator when speaking to the press in English. 

“I am proud that whatever I say, I say it from the heart and I tell the truth,” Rizwan said while speaking to reporters at a press conference in Karachi on Friday.

“But I am not even one percent ashamed that I am a Pakistani and I can’t speak English,” he added. 

The Pakistan captain said he regretted not completing his education, admitting that he could not express himself properly due to it. Rizwan said he advises young cricketers to pursue education so that they can express themselves properly unlike him. 

“My Pakistan at this time is demanding cricket from me,” Rizwan said. “It is not demanding English. If it wants English, I will leave cricket to become a professor, learn it and then return. But I don’t have time for that.”

Rizwan, who leads the Pakistan Super League (PSL) franchise Multan Sultans, will be seen in action on Saturday against the Karachi Kings. 

The third match of the PSL 2025 is scheduled to kick off at 8:00 p.m. in the southern port city of Karachi. 

Defending champions Islamabad United cruised to an eight-wicket win over Lahore Qalandars in Rawalpindi in the PSL opener on Friday night.


Pakistan says Zainebiyoun Brigade militant arrested in Karachi for involvement in sectarian attacks

Pakistan says Zainebiyoun Brigade militant arrested in Karachi for involvement in sectarian attacks
Updated 12 April 2025
Follow

Pakistan says Zainebiyoun Brigade militant arrested in Karachi for involvement in sectarian attacks

Pakistan says Zainebiyoun Brigade militant arrested in Karachi for involvement in sectarian attacks
  • CTD says suspect was directly and indirectly involved in sectarian activities funded by Zainebiyoun Brigade
  • Pakistan’s interior ministry designated Zainebiyoun Brigade as a “terrorist” organization in March 2024

KARACHI: The Counterterrorism Department (CTD) in Pakistan’s southern Sindh province said on Saturday it had arrested a key member of the Iran-backed Zainebiyoun Brigade outfit in Karachi, accusing him of being involved in sectarian attacks in the city. 

Pakistani authorities have arrested several militants affiliated with the Zainebiyoun Brigade in recent years, notably in the country’s commercial hub of Karachi. The city has been a significant recruitment hub for the militant outfit, along with three other regions – Parachinar, Quetta and Gilgit Baltistan.

Pakistan’s interior ministry designated Zainebiyoun Brigade as a “terrorist” organization in March 2024, saying it had reasons to believe the outfit was engaged in certain activities “prejudicial to the peace and security of the country.”

The CTD said in its press release that Syed Muhammad Musa Rizvi, alias Kamran, was arrested from the city’s Soldier Bazaar area, adding that the accused had been in hiding for fear of being arrested.

“The suspect is an important member of the Zainebiyoun Brigade and has been directly and indirectly involved in various sectarian activities that have been regularly funded by the organization,” the CTD said. 

It said Rizvi had confessed to carrying out a sectarian attack in Karachi’s Taimuria area on Sept. 5, 2023, which had resulted in the killing of a person named Qari Khurram and injuries to two others. 

The CTD said Rizvi also confessed to killing a person named Sher Khan on Sep. 20, 2023, in Karachi’s Mobina Town with his accomplices and another named Jannat Gul on Nov. 26, 2023, in the city’s Sachal area. 

It said that Rizvi confessed that on Nov. 13, 2024, that he played the role of a facilitator in the killing of a person named Syed Abu Hashim in Karachi’s Samanabad area.

It said that the suspect was being investigated for terror financing and other cases based on which he had been arrested. 

“The investigation of the accused is going on and more revelations are expected,” the CTD said. 

In January 2024, Sindh CTD said it had apprehended Syed Muhammad Mehdi, a suspected militant associated with the Zainebiyoun Brigade who had been involved in an assassination attempt on Mufti Taqi Usmani, a top Pakistani cleric, in Karachi in 2019. The attack had killed two of Mufti Usmani’s guards.

In July 2022, then Pakistan interior minister Rana Sanaullah Khan told the Senate that Zainebiyoun Brigade members were among the militants “found actively involved in terrorist activities” in the country in 2019-2021.


Pakistan Navy stresses importance of combat readiness to counter regional maritime threats

Pakistan Navy stresses importance of combat readiness to counter regional maritime threats
Updated 12 April 2025
Follow

Pakistan Navy stresses importance of combat readiness to counter regional maritime threats

Pakistan Navy stresses importance of combat readiness to counter regional maritime threats
  • Pakistan navy chief chairs meeting of apex decision-making forum to discuss plans, review policies
  • Appreciates navy’s efforts in acquiring advanced platforms and technologies to counter threats

ISLAMABAD: Pakistan’s navy chief this week stressed the importance of maintaining combat readiness to counter conventional and non-conventional regional maritime threats, the navy said in a statement, appreciating the force’s efforts in acquiring the latest technologies and advanced platforms. 

Pakistan’s Chief of Naval Staff Admiral Naveed Ashraf chaired the Command & Staff Conference at the Naval Headquarters in Islamabad on Friday. 

The Command & Staff Conference is the apex decision-making forum of the Pakistan Navy, where Ashraf, along with all principal staff officers and field commanders, review policies and strategic plans. 

“The Naval Chief emphasized the importance of maintaining perpetual combat readiness to effectively counter both traditional and non-traditional threats in the maritime domain,” a statement by the navy said on Friday.

“He appreciated the navy’s efforts in acquiring advanced platforms and technologies, expressing confidence in its operational preparedness to safeguard Pakistan’s maritime frontiers.”

The navy said that participants of the conference assessed the evolving maritime situation in the region with a focus on national security, geostrategic affairs and combat readiness.

Ashraf commended the navy for successfully hosting the multinational AMAN-25 naval exercise and the AMAN Dialogue, underscoring their significance in fostering maritime collaboration among regional and extra-regional naval forces. 

“He noted that these initiatives reflect Pakistan’s commitment to cooperative maritime security, in line with the navy’s vision for a secure and stable maritime environment,” the navy said. 

Pakistan Navy regularly collaborates with allies and friendly nations, conducting joint military exercises and other activities to enhance synergy, promote regional peace and stability, deter piracy, drug trafficking and other illicit maritime activities.


Mumbai attacks: India questions Pakistan-born Canadian accused after extradition

Mumbai attacks: India questions Pakistan-born Canadian accused after extradition
Updated 12 April 2025
Follow

Mumbai attacks: India questions Pakistan-born Canadian accused after extradition

Mumbai attacks: India questions Pakistan-born Canadian accused after extradition
  • India accuses Tahawwur Hussain Rana, 66, of being one of the key plotters of the 2008 Mumbai attacks
  • Pakistan has distanced itself from Rana, saying he hasn’t renewed his Pakistani-origin documents in two decades

NEW DELHI: Indian investigative agencies on Friday questioned a man they extradited from the United States and charged with being a “mastermind” of the deadly 2008 Mumbai siege.

India accuses Tahawwur Hussain Rana, 66, of being a member of the Pakistan-based Lashkar-e-Taiba (LeT) group, designated by the United Nations as a “terrorist” organization.

Rana, a Pakistan-born Canadian, has denied all charges — including waging war against India, conspiring to commit murder and acts of “terrorism.” He could face the death penalty if convicted.
New Delhi blamed the LeT group — as well as intelligence officials from New Delhi’s arch-enemy Pakistan — for the 2008 Mumbai attacks when 10 gunmen carried out a multi-day siege of the country’s financial capital.

Nine of the attackers died in the siege, while one captured alive was tried and hanged.
India’s National Investigation Agency (NIA), which accuses Rana of being the attack’s “mastermind,” took him into custody under heavy guard after he arrived in a special flight to the capital New Delhi on Thursday evening.

“Rana will remain in custody for 18 days, during which the agency will question him in detail in order to unravel the complete conspiracy behind the deadly 2008 attacks,” NIA said.

Rana, who served in the Pakistani army’s medical corps, faces 10 criminal charges including conspiracy, murder, commission of a “terrorist” act, and forgery.

Rana, who has denied the charges, is accused by India of helping his long-term friend, David Coleman Headley, who was sentenced by a US court in 2013 to 35 years in prison after pleading guilty to aiding LeT militants, including by scouting target locations in Mumbai.

Rana is accused of playing a smaller role than Headley, but India maintains he is one of the key plotters.

He was flown to India after the US Supreme Court this month rejected his bid to remain in the United States, where he was serving a 14-year sentence related to another LeT-linked attack.

India released a photograph of Rana arriving in Delhi, taken from his back, dressed in a brown jumpsuit and guarded by NIA officers.

India also accused Pakistan of direct involvement in the Mumbai attack and Rana of having connections with its intelligence agencies, charges Islamabad denies.

Pakistan’s foreign ministry spokesman Shafqat Ali said that Rana “did not apply to renew Pakistani documents over the past two decades.”