Islamabad: Federal Minister for Finance and Revenue Muhammad Aurangzeb announced new restrictions on non-tax filers, including limitations on purchasing property and vehicles, as well as opening bank accounts. This move is part of a broader effort to expand the tax base and ensure compliance across the country.
According to Zameen.Com, the minister detailed these measures during an interview with a private news channel, emphasizing the government’s commitment to integrating sectors like wholesale, distribution, retail, and real estate into the tax system. He noted that these efforts are aimed at enhancing revenue collection and aligning economic activities with formal tax obligations.
Aurangzeb also outlined plans to gradually reduce subsidies on wheat and sugarcane as part of the economic reforms. He confirmed a major policy shift to abolish the category of non-filers entirely, aiming to foster a more inclusive and uniform tax landscape across all provinces. A new financial agreement is anticipated to streamline the tax system nationwide.
The minister also highlighted the addition of 500,000 individuals to the tax net this year, crediting the successful use of data from NADRA and other sources. He stressed the importance of ensuring that high-income earners contribute their fair share to the national treasury.