Pakistanis Pay World’s Lowest Taxes, Says Ahsan Iqbal
- Sara Habib
- August 18, 2025
- 12:45 pm
- 48
- Current Affairs
Taxes, exports, and investment are the three pillars of any strong economy. Pakistan is working to rebuild its financial system on these foundations. Federal Minister Ahsan Iqbal has stressed that without fair taxes, higher exports, and more foreign investment, the country cannot move forward.
Economic Stability Through Reforms
Pakistan once faced the risk of internal default in April 2022. Financial reforms since then helped bring back stability. Interest rates that were as high as 22 percent are now reduced to 11 percent. This major shift has created more room for businesses and investors. Global credit agencies have also improved Pakistan’s outlook. This is a sign that international markets are regaining trust in the country.
Fiscal Space for Growth
The government has managed to create fiscal space of nearly Rs 2,800 billion. This has allowed important spending in defense and other key areas. Such reforms have also made it easier to balance financial needs. Yet, the minister made it clear that the journey toward growth is not over.
Weakness in Exports
Pakistan still struggles with low exports. This limits long-term progress. A stronger export sector would reduce reliance on borrowing. It would also create jobs and increase foreign reserves. Without strong exports, sustainable growth cannot be achieved.
Role of Investment
Foreign investment is another area that needs attention. Investors look for stability, clear rules, and opportunities for growth. Pakistan must build confidence among local and global investors. Only then can the economy stand on a solid base.
Path Toward Independence
The minister stressed that taxes, exports, and investment together can help Pakistan reach economic independence. Without them, the country will continue to face debt and uncertainty. But with these pillars in place, Pakistan can enter what he called “a new takeoff.”
