‘Everything will have to be given to private sector’

Finance Minister Senator Muhammad Aurangzeb has said that schools and hospitals can be run by charity, but the country is run by taxes.

Talking to the media in Kamalia, the finance minister said that we have to gradually reduce the tax exemption, increasing the tax net, bringing other sectors into the tax net.

Aurangzeb added that the tax will be imposed on the retailer from July, adding rules are there but the authority is not collecting the tax properly.

He said that tax digitization will reduce corruption and GDP depends on tax while the whole system runs on tax.

The finance minister said that the country’s economy is on the way to improvement. The private sector can play an important role for the development of the country, he added.

It is often asked: “Why don’t you reduce your expenditure? There are two things to look at in government expenditure. The first thing is that the federal government should abolish those ministries whose subjects that have been eliminated. We are considering to reduce the government expenditures and within a few weeks you will see practical steps in this connection.

Senator Muhammad Aurangzeb said that the private sector can play an important role in the development of the country. The outsourcing of Karachi airport will be done in July. So everything will have to be handed over to the private sector, if relief is needed. The burden of the government will have to be reduced and we are going to reduce it. if PIA was privatized 10 years ago, there would not have been so much loss, he added.