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


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

Related Posts

US could take over Ukrainian nuclear power plants, Trump tells Zelenskyy

Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world President Donald Trump proposed that the US take…

Read more

Fed cuts US growth forecast and boosts inflation outlook

The Federal Reserve has slashed its US growth forecast and lifted its inflation projection, underscoring concerns that Donald Trump’s tariffs and deep cuts to government spending will knock the world’s…

Read more

Israel renews ground operation in Gaza

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Israel has started a new ground operation in Gaza, reclaiming…

Read more

EY cuts jobs in pullback from UK legal sector

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. EY is restructuring its UK legal arm, sparking a fresh…

Read more

The war on encryption is dangerous

Stay informed with free updates Simply sign up to the Cyber Security myFT Digest — delivered directly to your inbox. The writer is president of encrypted messaging service Signal Imagine…

Read more

Turkish police detain Erdoğan’s main political rival

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Turkish police have detained Istanbul’s mayor Ekrem İmamoğlu, the main…

Read more

Leave a Reply