People will have to pay taxes in any case, Federal Finance Minister

Web Desk: Federal Finance Minister Muhammad Aurangzeb has said that people will have to pay taxes in any case, now there is no living without paying taxes.
Federal Minister of Finance Mohammad Aurangzeb while responding to the speeches on usurious banking during the discussion on the country’s economic situation in the National Assembly session said that I do not understand on which issue so many emotional speeches are being made in the House.
The Federal Finance Minister said that the branches of many banks have been converted to Islamic, phased process of abolition of interest system is going on, the Islamic Shariat Court has given a time frame regarding the abolition of interest.
He said that domestic foreign exchange reserves are stable, stock market is at the highest level in history and all countries want economic success of Pakistan.
He said that after negotiations with the International Monetary Fund and the World Bank, the agricultural GDP is growing at 5%, it is up to us how to facilitate agriculture and IT.
Inho said that there will be 3.3 billion dollar software export this year, I want to tell the House that people will have to pay taxes, now there is no living without paying taxes.
He said that the country’s stock exchanges are at the highest level and the direction of the country’s economy is correct, but there is a need to improve in the dairy and livestock sector.
Mohammad Aurangzeb said that the current account deficit has become a surplus, tax to GDP cannot be maintained at 10 percent, the exports of the IT sector have increased substantially.
He said that for withdrawing from the IMF program, structural reforms, increasing the tax net will have to be done, the burden of loss-making institutions can no longer be borne, and friendly countries want the stability of Pakistan’s economy.