He explained that while the process may face initial hurdles, the government has to begin somewhere in order to build a more accountable and stable financial system. Khurram Shehzad emphasized that many developed countries, including the UAE, have already implemented strong tax systems where every citizen contributes. He said Pakistan is now moving in a similar direction and that this shift is necessary for economic growth and fairness.
The adviser also spoke about rising petrol prices and global economic conditions. He pointed out that during the recent Iran-Israel conflict, international crude oil prices surged to nearly $120 per barrel, directly impacting fuel costs in Pakistan. According to Shehzad, even countries with strong economies have experienced a rise in petroleum prices, and Pakistan cannot remain unaffected in such a global environment.
He noted that the economic pressure caused by global oil price hikes has affected not just Pakistan but several other nations as well. The conflict in the Middle East increased oil demand and pushed costs upward, which are now being felt locally in the form of fuel inflation. Shehzad stated that these global dynamics are beyond Pakistan’s control, but efforts are being made to manage their impact through policy adjustments.
Khurram Shehzad assured citizens that while the journey may be tough in the beginning, the end goal is a more self-reliant and prosperous Pakistan. He said that everyone paying taxes will allow the government to offer better services, develop infrastructure, and reduce the country’s reliance on loans. According to him, public cooperation is essential in this national effort toward economic stability.
Lastly, the finance adviser said that the government will work to educate the public about the new tax policies. He encouraged people to view tax filing not as a burden but as a responsibility that will help improve healthcare, education, and development. The move, he said, is part of a broader financial reform agenda to steer Pakistan towards long-term stability.