Minister of State for Finance Bilal Azhar Kayani has indicated that the government’s ability to provide major tax relief remains limited due to Pakistan’s ongoing commitments under the International Monetary Fund (IMF) program. Speaking at a pre-budget seminar organized by the Rawalpindi Chamber of Commerce and Industry, the minister acknowledged the growing pressure on salaried individuals and taxpayers and admitted that the government understands the need to reduce the tax burden. However, he explained that economic decisions are being shaped by conditions linked to the IMF agreement, leaving little room for broad financial relief measures at this stage.
During his address, Bilal Azhar Kayani said the government is continuing efforts to stabilize the economy while balancing fiscal discipline and public expectations. He highlighted that strong revenue collection through enforcement measures had improved government finances during the current fiscal year. According to him, enforcement efforts generated nearly Rs.803 billion in the previous financial year, reflecting tighter monitoring and stronger tax compliance measures. He added that the government has also received several budget recommendations from the business community and remains in close contact with chambers of commerce across Pakistan before finalizing economic policies.
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The minister further stated that the privatization of Pakistan International Airlines had helped reduce financial pressure on the national treasury. He revealed that the next major privatization focus would be the power sector, which continues to create a heavy burden on public finances because of transmission losses and inefficiencies. According to the minister, improving Pakistan’s economic structure and attracting long-term investment will depend on reforms in the country’s existing business and industrial model. He stressed that economic stability, policy continuity, and investor confidence are essential for sustainable growth and future development.
