Finance minister dismisses criticism of FBR powers as 'propaganda'

Safeguards in new FBR powers are crucial

In the ongoing efforts to strengthen Pakistan’s tax system, Finance Minister Muhammad Aurangzeb recently addressed the controversial expansion of powers granted to the Federal Bureau of Revenue (FBR). These new powers, which enable the FBR to block high-value transactions, seal unregistered business premises, and confiscate goods, have raised significant concerns. While Aurangzeb maintains that the move addresses the issue of sales tax fraud and…

Additional FBR powers have ‘nothing to do with income tax’: Aurangzeb

Details new safeguards implemented; highlights role of banks in lending support and assistance for sustainable growth.

Finance minister dismisses criticism of FBR powers as 'propaganda'

Federal Finance Minister Muhammad Aurangzeb on Monday dismissed criticism surrounding the Federal Board of Revenue’s (FBR) enhanced powers, calling it "propaganda" and reaffirming that the new authority was approved lawfully and designed only to counter large-scale sales tax fraud. Speaking to reporters at the Overseas Investors Chamber of Commerce and Industry (OICCI), Aurangzeb said the measures had been formally passed by the National Assembl…

Aurangzeb dismisses criticism of enhanced FBR powers as ‘propaganda’

Finance minister touts investor confidence, sustainable economic development Islamabad Federal Finance Minister Muhammad Aurangzeb on Monday dismissed criticism surrounding the Federal Board of Revenue’s (FBR) enhanced powers, calling it “propaganda” and reaffirming that the new authority was approved lawfully and designed only to counter large-scale sales tax fraud. Speaking to reporters at the Overseas Investors […]

Aurangzeb sees early signs of recovery

KARACHI: Finance Minister Muhammad Aurangzeb has said that Pakistan is beginning to see early signs of macroeconomic recovery, but sustainable economic growth will require bold and difficult decisions. Addressing the members of Overseas Investors Chamber of Commerce and Industry (OICCI) here on Monday, he stressed that breaking the cycle of recurring economic instability demands a firm commitment to structural reforms and long-term policy consis…

Who will replace Finance Minister Muhammad Aurangzeb? KCCI reacts - Islamabad Post

KARACHI, JUL 14: President of the Karachi Chamber of Commerce and Industry (KCCI), Javed Balwani, said on Monday that it is up to the government to decide whether to replace the finance minister. Speaking at a press conference in Karachi, Balwani stated that if the public is unhappy with the finance minister, the government must find a solution. “The budget is not something that comes from the sky — it can be withdrawn,” Balwani said, emphasizin…