Finance Minister Engages with Philip Morris International on Taxation Reforms

Washington: Finance Minister Senator Muhammad Aurangzeb held a meeting with Vice President of Philip Morris International, Christos Harpanditis in Washington on Thursday. During the meeting, the Finance Minister appreciated the company’s longstanding commitment to Pakistan and acknowledged its contributions to the economy.

According to Radio Pakistan, the Finance Minister highlighted the improving business climate in the country and outlined the Government’s taxation reforms focused on people, process, and technology. He emphasized the need for effective enforcement and compliance measures to curb illicit production and sale of cigarettes.

The Minister shared that the Tax Policy Office had recently been moved to the Finance Division to ensure that taxation and tariff decisions are guided by economic value considerations. Furthermore, the Finance Minister invited Philip Morris International to share its taxation proposals with the Ministry of Finance for further consideration.