National Tax Council reviews agricultural and property tax reforms

The National Tax Council (NTC) meeting chaired by Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb discussed discuss crucial tax reforms and align tax measures with federal policies.
The meeting took place in the context of the newly signed National Fiscal Pact, which emphasizes the need to maximize tax revenue from under-taxed sectors such as real estate, property, and agricultural income.
Discussions focused on improving information-sharing between the Federal Board of Revenue (FBR) and provincial authorities using advanced data analysis and digital tools to streamline tax collection.
The meeting also discussed efforts to harmonize the General Sales Tax (GST) across provinces and align GST on services with international best practices were also explored.
The Council highlighted the importance of unified policies, capacity building, and engaging stakeholders to achieve sustainable reforms.
Participants recognized these measures as vital for supporting national fiscal stability and promoting equitable growth.
Senator Aurangzeb reiterated the government's commitment to collaborating with all stakeholders to develop an efficient and unified tax system. The meeting concluded with actionable steps to advance the discussed reforms.