Islamabad: Prime Minister Shehbaz Sharif on Tuesday constituted a high-powered committee, headed by Finance Minister Muhammad Aurangzeb, to evaluate and implement private sector proposals aimed at reforming Pakistan’s tax system. The panel is tasked with translating recommendations from businesses into actionable policies to improve economic growth and strengthen tax compliance.
According to the Prime Minister’s Office, the committee will develop a pragmatic action plan after thoroughly reviewing private sector suggestions. The initiative is part of the government’s broader strategy to boost export-driven growth and create a more competitive business environment.
During a meeting held shortly after his return from London, the prime minister emphasized the critical role of businesses in shaping Pakistan’s economic future. He said a robust economy would naturally enhance tax compliance and increase national revenue.
Finance Minister Aurangzeb highlighted that the panel will focus on practical measures to overhaul the tax sector while improving the overall business climate. Proposals discussed by private sector representatives include reducing export levies, reviewing tax rates, and aligning Pakistan’s tax structure with regional competitors.
The meeting also addressed sector-specific reforms aimed at attracting investment, increasing exports, and enhancing the competitiveness of formal sectors. Business leaders welcomed the government’s recent removal of the Export Development Surcharge, describing it as a positive step toward easing exporters’ costs and boosting trade.
The government has reiterated its commitment to long-term reforms, ensuring that Pakistan’s business environment becomes more investor-friendly and competitive in regional and global markets.
The panel is expected to submit recommendations in the coming weeks, marking the first step toward implementing private sector-driven tax reforms.
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