Prime Minister Shehbaz Sharif has announced that if the current trend of declining inflation continues, the government will ease the burden on the salaried class.
He emphasised that all sectors must contribute to the tax net, adding that overburdening a single sector is unjust. “Traders must play a greater role in expanding the tax base,” he said.
Speaking during a meeting with young parliamentarians from the Pakistan Muslim League-N on Friday, the prime minister said that Pakistan’s loan issue will be discussed at the upcoming IMF meeting in Washington on September 25.
“This is a positive development,” Shehbaz Sharif said, noting that Pakistan’s economic trajectory is slowly improving, with inflation rates dropping, remittances from overseas Pakistanis increasing, and a boost in exports.
“These indicators demonstrate economic progress,” he added. Sharif acknowledged the challenges ahead but called for unwavering commitment. “It’s a tough path, full of thorns. We must work day and night to reach our destination. Only nations that resolve to change their circumstances achieve progress,” he remarked, highlighting the critical role of the youth in this journey.
He also mentioned the difficulties faced in meeting the IMF’s targets, particularly the increased tax burden on the salaried class. “If inflation continues to decrease, we will reduce this burden,” he promised.
Sharif stressed the need for all sectors to pay their fair share of taxes. “It is not right to overburden any one sector with taxes. Traders are a hardworking community, but they need to do more in terms of tax contribution,” he said.
