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.
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.
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.
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.
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.
ISLAMABAD: Federal Board of Revenue (FBR) on Tuesday said that standard rate of sales tax has been enhanced to 18 per cent to increase the tax to GDP ratio.
ISLAMABAD: Pakistan has failed to achieve a double digit tax-to-GDP ratio during past 22 years despite phenomenal growth in revenue collection over the years.
Lahore: President Dr. Arif Alvi emphasized the imperative for Pakistan to bolster its tax collection mechanisms and elevate the tax-to-GDP ratio as a strategic approach to address persistent financial challenges.
ISLAMABAD: Pakistan’s tax to GDP ratio has improved to 9.2 per cent in the fiscal year 2021-2022, the Federal Board of Revenue (FBR) said. In Pakistan, although the tax to GDP ratio has been low compared to other regional countries yet if viewed over the past so many years this ratio has significantly increased. “The […]
ISLAMABAD: Pakistan’s tax to GDP ratio has been estimated at 10.8 per cent for the fiscal year 2021/2022 as against the ratio of 8.5 per cent in the preceding fiscal year, according to Economic Survey of Pakistan 2021/2022 released on Thursday. The tax to GDP ratio has been estimated on the basis of tax collection […]