Finance Minister Abdul Hafeez Shaikh. – File Photo by AFP

KARACHI: Finance Minister Dr Abdul Hafeez Shaikh vowed Saturday that the government will achieve the revised    tax collection target of Rs 1,588 billion.

“I state through the media, that we will Insha'Allah achieve this target”, he said while talking to media at a seminar on “FTO Citizen Report Card Study Launch”, organised by Transparency International Pakistan (TIP) at a    hotel here.

He said that the government will resort to austerity and cut government expenditure. We are trying to achieve self reliance by increasing domestic taxation judiciously without burdening the existing tax payers, he added.

“We will tax new sectors which were exempted. We will bring those wealthy people who never paid taxes to the net,” he asserted.

Federal Finance Minister said that the government will not cut the expenses on the common people.

“For example, we want to allocate more funds for income support programme. Provinces have been given additional Rs 700 to spend on education, health and other sectors of peoples' interests,” he added.

Opinion

Editorial

Punishing evaders
02 May, 2024

Punishing evaders

THE FBR’s decision to block mobile phone connections of more than half a million individuals who did not file...
Engaging Riyadh
Updated 02 May, 2024

Engaging Riyadh

It must be stressed that to pull in maximum foreign investment, a climate of domestic political stability is crucial.
Freedom to question
02 May, 2024

Freedom to question

WITH frequently suspended freedoms, increasing violence and few to speak out for the oppressed, it is unlikely that...
Wheat protests
Updated 01 May, 2024

Wheat protests

The government should withdraw from the wheat trade gradually, replacing the existing market support mechanism with an effective new one over the next several years.
Polio drive
01 May, 2024

Polio drive

THE year’s fourth polio drive has kicked off across Pakistan, with the aim to immunise more than 24m children ...
Workers’ struggle
Updated 01 May, 2024

Workers’ struggle

Yet the struggle to secure a living wage — and decent working conditions — for the toiling masses must continue.