Sunday, 29 September 2024, 05:29:23 pm

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'Pakistan witnessing positive results of macroeconomic stability'
September 29, 2024

Finance Minister Muhammad Aurangzeb has expressed satisfaction over macro-economic stability, improved foreign exchange reserves and exports of the country.

Addressing a news conference in Islamabad on Sunday, he said the indicators of economy are showing that it is moving on upward trajectory.

The Finance Minister said the country is witnessing the positive results of macroeconomic stability and stock exchange is also rising with each passing day.

Talking about implementing the reforms in government institutions, Muhammad Aurangzeb said the  government is committed to right sizing and curtailing the expenditures.

The Minister said Pakistan's IT exports have witnessed an increase of 29 percent, which is commendable.

Highlighting the positive results of government's measures to increase tax collection, he said that number of filers have increased to 3.2 million this year as compared to 1.6 million filers in the same period last year.

He categorically stated that  Non-Filers will not be able to purchase vehicles, properties and face difficulty for cash deposits and withdrawals.

The Finance Minister said manufacturers will only be allowed to sell their goods to  registered wholesalers.

He said the government will take strict action in case of non-registration, which will lead to blocking the utilities.

The Finance Minister said the government will establish digital check posts at key points to prevent smuggling.