Karachi: Finance Advisor Shaukat Tareen says that after the agreement with the IMF, taxes will not be increased, exemptions will end, taxes will not be increased.
Addressing a function at the stock exchange, Finance Advisor Shaukat Tareen said that there were misconceptions about the IMF agreement, there were rumors that the lockers would be sealed, nothing like that would happen, after the IMF agreement in taxes. There will be no increase, exemptions will end, taxes will not increase, we have refused to increase taxes to the IMF, misunderstandings regarding the IMF agreement should not be spread.
The Finance Adviser said that improvement of capital market and improvement of state financing is a priority, steps have been taken for the promotion of SME sector, which will also have a positive impact on the economy. I have a key role to play, which drives the wheel of our economy.
Under the Ehsas program, we have collected data, the government has identified the rich and the poor, the data is available, the tax rate hike and new tax peers are welcome, we have to restore the confidence of the people in the stock market. Compared to the past, the registration of companies has increased by 20%. Investment tax concessions have to be looked at. I am not against the construction sector. Investment in this sector is also being looked at.
