Aurangzeb terms Tax Asaan Scheme for traders a ‘paradigm shift’ (opens original article in a new tab)

Finance Minister Muhammad Aurangzeb described the Tax Asaan Scheme for traders as a 'paradigm shift' aimed at expanding the tax net, while also discussing economic growth, digital tax collection, and the potential impact of the US-Iran deal on Pakistan's economy.

• Finance Minister Muhammad Aurangzeb called the Tax Asaan Scheme for traders a 'paradigm shift' aimed at expanding the tax net with a 1% tax rate.
• The government is implementing a new tax collection model with no human intervention and a Central Processing Unit to monitor tax matters.
• Aurangzeb mentioned that Pakistani freelancers could increase their earnings through upskilling in blockchain technology, potentially earning up to $250 per hour.
• The US-Iran deal was described as a 'welcome development' that could lead to positive economic impacts, including lower global oil prices.