ISLAMABAD: Shaukat Tarin, Adviser to the Prime Minister on Finance and Revenue, Thursday said prudent fiscal reforms have helped in improving the tax-to-GDP ratio.
He said this while addressing at an event organized by Pakistan Business Council.
READ MORE: Tax to GDP ratio at 20% prime objective: Tarin
The adviser highlighted the economic priorities of the government and said that the government is committed to introducing growth-oriented measures to stimulate economic growth, with a clear roadmap of strategic priorities, business facilitation, investment opportunities, revenue, and expenditure plans.
The aspiration was to lay the foundation of higher inclusive and sustainable growth so that the economy withstands any shock. These policies stabilized the economy while simultaneously improving the growth prospects.
READ MORE: FBR projects 12 percent tax to GDP ratio in three years
He said that prudent fiscal reforms have helped in improving the tax-to-GDP ratio and improving revenue generation. Increasing tax collection and expanding the tax base were key objectives of the government’s financial agenda.
The adviser identified priority sectors such as agriculture, IT, and industry modernization to boost exports and said special economic zones have been set up to attract foreign investment.
READ MORE: Tax to GDP ratio slips to 11.4 percent in FY20
The government is vigorously pursuing a “Make in Pakistan” policy to promote export-oriented industrialization in the country. The government’s efforts had been to further the investment climate and attract FDIs in the country.
The Adviser also shared the steps taken to help the underprivileged through the social protection programs to improve the living standard of vulnerable segments of the society by empowering them.
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