Home Business Finance Minister stresses need to enhance Tax-to-GDP ratio

Finance Minister stresses need to enhance Tax-to-GDP ratio

Business admin · May 4, 2024 · 0 Comment

Federal Minister for Finance and Revenue, Muhammad Aurangzeb has highlighted the importance of devising strategies to enhance Tax-to-GDP ratio and broaden the tax base to maximize revenue collection.

The Minister made these remarks during a visit to the Federal Board of Revenue (FBR) Headquarters in Islamabad today.

The Minister called for making all-out efforts to achieve the ongoing year’s revenue collection target.

During the meeting, Chairman FBR, Malik Amjad Zubair Towana gave a detailed briefing to the minister about the revenue collection efforts for the current financial year (2023-24).

Various other issues including pending legal cases also came under discussion during the meeting.

It was decided to devise a holistic strategy to actively pursue all the pending legal cases for early recovery of stuck up revenue.

Source link