PM Shehbaz Sharif Leads Tax Reform Initiative

Prime Minister Shehbaz Sharif has taken decisive steps to tackle tax evasion and enhance transparency in the country's tax system. During a recent meeting in Islamabad, the Prime Minister emphasized the importance of bringing non-filers who have the capacity to pay taxes into the tax net. He also ordered the removal of discretionary powers of Customs appraisers to prevent misuse.

One of the key points highlighted by Shehbaz Sharif was the need for modern scanners at seaports to detect any irregularities and combat corruption effectively. He stressed the significance of digitizing the tax system to curb tax evasion and align with international taxation standards.

The government's efforts have already shown promising results, with over 300,000 new taxpayers submitting returns and the identification of 4,000 companies engaged in fraudulent practices. Additionally, 4.5 million potential taxpayers have been identified, indicating a significant step towards a more transparent and efficient tax system.

The Prime Minister's firm stance against tax evasion and commitment to reforming the tax system are crucial for the country's economic development. By encouraging compliance among taxpayers and cracking down on fraudulent practices, the government aims to create a fair and just tax environment for all citizens.