The federal government’s indication of reforms to relieve the pension burden

Web Desk: The federal government has hinted at reforms to get rid of the pension burden and said that countries run on taxes and not on charity, so we cannot apply taxes on only one class.
Federal Finance Minister Muhammad Aurangzeb while holding a press conference in Islamabad along with Federal Information Minister Ata Tarar and Azam Nazir said that how can the country run with a ratio of 9% tax to GDP? Schools and hospitals can be run by charity, but the country runs only on taxes.
He said that how can foreign investors be angry on the issue of blocking SIMs, why those who are paying 10,000 mobile bills cannot file tax returns.
It is necessary to stabilize the tax system to run the country, tax is applied on the salaried class from 50 thousand and it is not possible that we apply tax on only one class.
The finance minister said that the IMF program is for the benefit of Pakistan. In the next 7 to 10 days, the IMF mission will come to Pakistan in which the future program will be discussed.
Mohammad Aurangzeb added that inflation is now at 17% which will gradually decrease further while the policy rate will also come down by July-August. There is a need to reduce non-developmental expenditure.
He said that steps have to be taken to bring pension expenditure under control and infrastructure reforms are part of our agenda while digitalization of FBR is also in progress.
In the press conference, Prime Minister of Law Nazir Tarar said that political stability is connected with economic stability, pension reforms are being discussed, a large part of the annual expenses goes to the pension of retired employees.
On this occasion, Information Minister Atta Tarar said that a committee has been formed on pension reforms which will consider the proposals and inform the public about pension reforms.