Federal Finance Minister Muhammad Aurangzeb has announced that the government aims to increase Pakistan's tax-to-GDP ratio from the current 9-10% to 13% over the next three years.
He emphasied the importance of tax reforms as a critical part of the government's economic strategy.
Speaking at a press conference in Islamabad alongside Minister of State Ali Pervez and Federal Minister for Information and Broadcasting Attaullah Tarar, Aurangzeb stat…

The Express Tribune

Pakistan

Tax-to-GDP ratio to reach 13% in three years: Finance Minister

Senate committee debates new tax amendment bill; finance minister stresses need for strict enforcement of tax laws.

Media Bias/Fact Check

Dawn

Dawn Media Group

Govt eyes 13.5pc tax-to-GDP ratio in three years

Finance Minister Muhammad Aurangzeb on Thursday vowed to take Tax-to-GDP ratio to 13 per cent in three years in Pakistan. He was addressing a news conference alongside Minister for Information and Broadcasting Attaullah Tarar and Minister of State for Finance Ali Pervez Malik in Islamabad today. Muhammad Aurangzeb said taxation reforms have a key role in fiscal stability. He said the country has been languishing between 9-10 per cent in terms of…

ARY News

Tax-to-GDP ratio to reach 13pc in three years, vows Aurangzeb

ISLAMABAD – Finance Minister Muhammad Aurangzeb said Pakistan has been languishing between 9-10 in terms of tax to GDP ratio but they have set a target of 13.5 percent for next three years to improve this standing. “The government is making all out efforts to achieve financial stability,” said Muhammad Aurangzeb while addressing a news conference. Minister for Information and Broadcasting Attaullah Tarar and Minister of State for Finance Ali Per…

Daily Pakistan Observer -

Finance Minister vows to take GDP growth to 13.5 percent in next three years - Pakistan Observer

Islamabad: The government has decided to separate the tax policy and operations sectors. According to a private TV channel, the meeting of the Senate’s Finance Committee was chaired by Finance Minister Muhammad Aurangzeb, where the revised tax law for 2024 was discussed, and the Chairman of the Federal Board of Revenue (FBR) gave a briefing. During the meeting, Finance Minister Muhammad Aurangzeb stated that experts and the private sector will b…

Minute Mirror

Govt to split tax policy and operations, says Finance Minister

F.P. Report ISLAMABAD : Federal Finance Minister Muhammad Aurangzeb said on Thursday that tax-to-GDP ratio must be increased to bring positive changes in the economy.  Addressing a press conference in Islamabad where he was flanked by State Minister for Finance Ali Parvez Malik and Federal Board of Revenue chairman Rashid Mahmood Langiral, he said tax reforms were crucial for the economy. “Right now, tax-to-GDP ratio stands at 10 percent and it …

The Frontier Post

Govt working to increase tax-to-GDP ratio to 13pc in three years: FinMin Aurangzeb

ISLAMABAD: "The country's economy is moving towards improvement," Finance Minister Muhammad Aurangzeb said during a press conference, here on Thursday. Flocked by the Federal Board of Revenue (FBR) Chairman Rashid Langrial, and the Minister of State for Finance Ali Pervaiz Malik, the Finance Minster also announced that the government has initiated structural tax reforms. Aurangzeb said that the reforms are aimed at achieving the target of 13.5 p…

humenglish.com

Govt mulling tax reforms to achieve 13.5pc tax to GDP ratio: Aurangzeb

The FBR has suggested strict measures against non-filers, such as preventing them from purchasing properties, new cars over 800 cc, and investing in securities and mutual funds.

Tax-to-GDP ratio to reach 13% in three years: Finance Minister

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