All four provinces sign new NFC agreement, Gandapur cooperates, Finance Minister – Pakistan

Federal Finance Minister Senator Muhammad Aurangzeb says that new national financial agreements have been signed with the provinces, the provinces have signed the NFC agreement, there will be no mini-budget in the country, all the provinces have agreed on the implementation of agricultural income tax. Agreed.

In an interview given to private TV on Tuesday, the Federal Finance Minister said that the IMF program will help in maintaining economic stability in the country, our rupee has stabilized and the foreign exchange reserves which are for one month. They were left for two months now, the policy rate has come down.

The finance minister said that the new national financial agreements have been signed with the provinces, for which the chief minister of Khyber Pakhtunkhwa Ali Amin Gandapur contributed the most. has agreed to the implementation of The government has decided to implement uniform agricultural income tax in the country. Provinces will increase their revenue, Provinces will bear burden in some PSDP projects.

The finance minister said that under the financial agreements, certain costs will be transferred to the provinces, support prices for wheat and sugarcane will be phased out, taxes on real estate and retail trade will be imposed.

He has informed that the government has made such a policy that non-filers will no longer be able to buy a car or property, even non-filers will not be able to open a bank account.

He said that we hope that as a result of our economic reforms and efforts, the credit policy rate will come down further. Apart from this, there is also a possibility of receiving an additional climate fund of one billion dollars from the IMF.