Record tax collection, narrower fiscal deficit and strong primary surplus underscore Pakistan’s improving fiscal performance, says Finance Ministry.
(more…)Tag: tax to gdp ratio
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FBR tax-to-GDP ratio slips in 9MFY26 despite 10% revenue growth
Pakistan’s tax collection rises to Rs9.31 trillion but tax-to-GDP ratio declines
ISLAMABAD – The tax-to-GDP ratio based on revenue collection by the Federal Board of Revenue (FBR) declined during the first nine months of fiscal year 2025-26 despite a 10% increase in overall tax collection.
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FBR Struggles to Raise Tax-to-GDP Ratio Amid Revenue Surge
Karachi, November 5, 2024 – Despite substantial increases in revenue collection, Pakistan’s Federal Board of Revenue (FBR) has struggled to elevate the tax-to-GDP ratio, a critical indicator of fiscal health, over the past decade.
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FBR Aims to Boost Tax-to-GDP Ratio to 11.50% in Three Years
Karachi, July 21, 2024 – The Federal Board of Revenue (FBR) has set an ambitious target to elevate Pakistan’s tax-to-GDP ratio to 11.50 percent within the next three years. This initiative aims to significantly improve from the current 8.73 percent recorded for the fiscal year 2023-24.
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Finance Minister Urges FBR to Boost Tax-to-GDP Ratio
In a concerted push to enhance Pakistan’s tax-to-GDP ratio, Finance Minister Muhammad Aurangzeb emphasized the need for innovative strategies during a review meeting at the Federal Board of Revenue (FBR) headquarters on Friday.
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FPCCI Presents Solution for Increasing Tax to GDP Ratio at 15%
Karachi, April 6, 2024 – The Federation of Pakistan Chambers of Commerce and Industry (FPCCI) has put forth a comprehensive solution aimed at elevating the tax-to-GDP ratio to 15 percent, addressing the pressing need for fiscal stability and economic growth in Pakistan.
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Pakistan Improves Tax-to-GDP Ratio to 4.56% in 1HFY24
Karachi, January 30, 2024 – Pakistan has made significant strides in fiscal management as the tax-to-GDP ratio rose to 4.56 percent during the first half (July – December) of the fiscal year 2023-24, according to recent data released by the Ministry of Finance.
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Tax-to-GDP Ratio Falls to 8.5% in FY23 from Previous 9.2%: State Bank
Karachi, October 23, 2023 – The tax-to-GDP ratio in Pakistan has declined to 8.5 percent in the fiscal year 2022-23, down from the previous year’s 9.2 percent, according to official data revealed on Monday.
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Caretaker Finance Minister Advises FBR to Enhance Tax to GDP Ratio
Islamabad, August 18, 2023 – The newly appointed Caretaker Finance Minister, Shamshad Akhtar, has issued a directive to the Federal Board of Revenue (FBR) to focus on improving the tax to GDP ratio.
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Pakistan’s tax to GDP ratio declines to 6.7% in 9MFY23
Pakistan’s tax to GDP ratio has declined to 6.7 percent during first nine month (July – March) 2022-2023 as compared with 7.2 percent in the same period of the last fiscal year, official statistics revealed.
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