Finance Minister Ishaq Dar assured the National Assembly on Friday that no taxes on the undertaxed agriculture and construction sectors would be imposed.
“I want to state categorically that no new tax would be imposed on the agriculture and construction sectors,” Dar said in a speech to the National Assembly on Friday.

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He also stated that inflation will fall to 7% in two years.
“We’re attempting to devise policies that will cancel out the prevalent storm of inflation,” he stated, adding that “if the policies are successful, inflation could be reduced to 7% within two years.”
Dar emphasized his commitment to transparency in financial affairs during his presentation to the National Assembly, particularly in reference to the recent standby arrangement with the International Monetary Fund (IMF)
Dar said that the bailout’s Letter of Intent (LoI) was signed on June 30.
He stated that the Memorandum of Economic and Financial Policies and the Policy Framework Paper were included in the LoI. To ensure accountability, the finance minister stated that a copy of the three documents pertaining to the IMF deal will be placed in the NA library and made available to all legislators.
Dar went on to add that when the new government took control, the country’s foreign exchange reserves were $14 billion. Despite making payments on all debt maturities since last year, the leaving government has insured that the successor government would have about the same amount of FX reserves.
“We’ve made all payments and haven’t stopped any,” the minister said, emphasizing the government’s commitment to its financial commitments.
Dar believes that the new government should be able to make autonomous decisions and help the economy flourish for the welfare of the country in the future.