Finance Minister Muhammad Aurangzeb on Tuesday averred that Pakistani rupee will witness more stability.
Expressing his thoughts, Aurangzeb said: “Then the inflation will be reached to 5 or 6 percent.” Speaking about the distribution companies (DISCOs), Aurangzeb said: “We have asked some of the DISCOs to go for privatization.”
Aurangzeb stated: "Several boards in the power sector, including some GENCOs and DISCOs, have been restructured.
"There is enough capacity in the system to generate an additional Rs 7,000 billion. We will bring wholesalers, distributors, and the real estate sector into the tax net. The tax burden on individuals will be reduced, and interest rates will come down further," he said.
"The government will not set support prices for wheat and sugarcane. An agricultural income tax framework is being developed, which all provinces will implement. Non-filers will no longer be able to invest in mutual funds, buy property, or open bank accounts," he stated.
"Under the new financial agreement, provinces will share the burden of some development projects and increase their revenues. All provincial chief ministers have signed this agreement, and no mini-budget will be introduced," Aurangzeb said.
