Breaking from recent trends, iSLAMABAD: Finance Minister Muhammad Aurangzeb has said that an arrangement has been created with the provinces apart from NFC, any decision regarding NFC will be established through consultation and consensus. Even as speaking in ARY News' program Abhjad Hai, he said that the provinces have extended their support, for which they are grateful. The news has sparked debate among key stakeholders.

Key Plays

The issue at hand has deep roots and a history that continues to shape the current situation.

With regard to NFC, no work can be done without consultation and agreement with the provinces, whatever decision is taken will be made through consultation and consensus.

The Finance Minister said that two borders are currently active, I give credit to Prime Minister Shehbaz Sharif's vision for this successful budget, he has given a lot of guidance and provided total support, allies, provinces and IMF were taken into confidence before the budget.

Top Performers

A growing chorus of voices has emerged to analyze what this means.

In reply to a question, Mohammad Aurangzeb said that we started the revenue collection from 7 trillion and will reach 13 trillion this June, the target of tax collection that we have set can be achieved.

In a related development, the finance minister said that in this budget, we have not talked about new taxes, we have talked about enforcement.

The Stats

Beyond the immediate headlines, this development could reshape how the issue is handled.

Previously, new taxes were talked relating to in light of the fact that enforcement was not working.

Significantly, mohammad Aurangzeb said that the measures taken in the budget are targeted and planned, the Prime Minister had directed to abolish the super tax on exporters, the entire package related to taxation, energy, financing has been given in the budget.

As the story continues to develop, he further said that the burden of taxes on the lower-level salaried class was reduced, the surcharge on the largest slab of the salaried class was abolished, discussions were held with the allies and provinces before the budget.

Next Up

For now, the situation continues to evolve, with no definitive resolution in sight. Those closely following the issue are preparing for further developments in what has become a significant and consequential story.