GDP

Economic Survey predicts inflation to come down to 12.2% from 26% by next fiscal year

Rationalising taxation laws and broadening tax base should be priorities

Hopes to collaborate with US in areas of family planning, nutrition, diabetes among others

While digitalisation is imperative across all depts, it is most critical for FBR

It will generate more revenue, raise tax-to-GDP ratio

There is also a proposal to gradually increase excise duty on luxury items produced in Pakistan

Policymakers must overhaul strategy as it lacks innovation, pro-competitive forces

Pakistan needs pro-growth policies such as tax cuts, freer trade, minimal regulations

Pakistan’s national debt has shot up to almost 75% of GDP in the latest finance ministry report on the subject

Export-to-GDP ratio is among most important indicators to gauge level of development