Aurangzeb says Pakistan has formally sought US support facility, response expected by end of Sept

Finance Minister Muhammad Aurangzeb emphasized the need for a simplified tax return form for salaried taxpayers, deeming the current lengthy and cumbersome process illogical. He made these remarks at the launch of a mobile application for the Fixed Tax Asaan Scheme designed for small traders and shopkeepers to register and file returns digitally.

The app, available in Urdu on Google Play Store, generates a Payment Slip Identification Number (PSID) for tax payments, with plans to launch versions in other languages by early September. FBR Chairman Rashid Mahmood Langrial announced that traders who register by the deadline would receive a free green identification plate costing no more than Rs1,500.

Pakistan has also formally requested US Exchange Stabilisation Support Facility to strengthen the rupee, stabilize foreign exchange reserves, and reduce reliance on repeated loan rollovers.