Finance Minister Muhammad Aurangzeb announces a tailored tax scheme for small traders, aiming to simplify their financial obligations.
Finance Minister Muhammad Aurangzeb and Minister of State for Finance Bilal Azhar Kayani jointly announced the launch of a "fixed tax scheme" designed specifically for small traders with sales up to Rs200 million or less. The new policy aims to provide relief and streamline taxation processes for micro-enterprises, which form a significant portion of Pakistan's informal economy.
During a press conference held on June 5, 2026, the ministers detailed that extensive consultations were conducted with various traders' bodies before finalizing the scheme. This collaborative approach ensured that the policy would address the unique needs and challenges faced by small-scale merchants across the country.
The fixed tax scheme is expected to simplify the tax compliance process for traders, reducing their administrative burden and potentially boosting their overall business efficiency. By offering a clear and predictable framework, the government hopes to encourage more informal traders to formalize their operations and contribute positively to national revenue collections.
According to officials, the new policy will cover a wide range of small-scale businesses, including street vendors, local shops, and micro-enterprises. The scheme is designed to be user-friendly and accessible, ensuring that even those with limited financial literacy can navigate it effectively.
