Pakistan, June 20 -- ISLAMABAD - Finance Minister Muhammad Aurangzeb has made it clear that the upcoming federal budget will not include any tax amnesty schemes. He stated that the era of tax exemptions and reliefs for tax evaders is over, as the government now aims to expand the tax net and improve transparency in the system.

During a recent meeting of parliamentary committees, the government's proposal to impose a carbon levy on petroleum products was rejected by members, who termed it an unfair burden on the public. However, the committees approved new taxes on high pensions and income earned by international athletes.

The carbon levy sparked intense debate as both the National Assembly and Senate committees began reviewing the Finan...