Finance Minister Muhammad Aurangzeb has unveiled plans to ease the financial burden on Pakistan’s salaried class in the upcoming budget. Speaking to the media in Lahore on Sunday, he outlined the government’s strategy to balance fiscal challenges with measures to spur economic growth, offering a glimmer of hope to millions grappling with rising costs.
Relief for the Salaried Class
Pakistan’s salaried workforce has long faced the strain of inflation and a heavy tax load. Addressing these concerns, Aurangzeb promised targeted relief in the forthcoming budget.
While specifics remain under wraps, this move signals the government’s intent to support this vital segment of society without compromising fiscal discipline. With the budget announcement approaching, all eyes are on how these measures will take shape.
Before the salray class is paying huge taxes, the taxibale income starts from 600,000 and goes up to the 35%, here you can find the tax slabs for salried class.
Positive Economic Signals
The minister highlighted several encouraging trends in Pakistan’s economy. He noted that the number of remittance senders has climbed to 35 million, boosting inflows through channels like the Roshan Digital Account.
These are clear signs of progress, Aurangzeb remarked, pointing to the steady rise in foreign exchange reserves as another positive indicator. These developments reflect growing confidence among overseas Pakistanis and a strengthening financial foundation at home.
Aurangzeb emphasized the private sector’s critical role in driving economic momentum. “We are committed to supporting its growth,” he said, underscoring the government’s focus on creating an enabling environment for businesses.
This commitment aligns with broader efforts to stabilize the economy and attract investment, ensuring sustainable progress in the years ahead.
The construction industry also received a nod from the minister, with a pledge to curb speculative practices in the real estate market. By promoting genuine development over profiteering, the government aims to bolster this sector, which serves as a key engine for jobs and economic activity.
This approach could pave the way for more affordable housing and infrastructure projects, addressing long-term needs.
As Pakistan navigates persistent inflation and economic pressures, Aurangzeb’s remarks suggest a dual focus: providing immediate relief to the salaried class while laying the groundwork for lasting stability. The upcoming budget, expected to roll out soon, will be a litmus test of the government’s ability to deliver on these promises.
