Pakistan's Tax-to-GDP Ratio Set to Reach 10.6% by June, Says Finance Minister Aurangzeb
In a significant development, Finance Minister Muhammad Aurangzeb has revealed that Pakistan's tax-to-GDP ratio is poised to hit 10.6% by the end of the current fiscal year, marking a substantial milestone in the country's economic reform efforts. This progress is a crucial step towards achieving the government's ambitious target of reaching a 13% ratio by the conclusion of its 37-month program with the International Monetary Fund (IMF). As Pakistan continues to work towards improving its economic stability and fiscal discipline, this increase in tax-to-GDP ratio is expected to have a positive impact on the country's economic growth and development. With the implementation of effective tax reforms and policies, Pakistan aims to enhance its revenue collection and reduce its reliance on external funding, ultimately paving the way for a more sustainable and prosperous economic future. Key economic indicators, such as tax revenue and GDP growth, will be closely monitored to assess the country's progress towards achieving its economic goals, including fiscal consolidation and economic stabilization.
