8.5% tax-to-GDP ratio is unsustainable: Ishaq Dar
Finance Minister says tax-to-GDP ratio of 13 to 14 percent would be a “win-win situation for Pakistan”.
Express News screengrab of Finance Minister Ishaq Dar speaking with a gathering of Income Tax Commissioners on Thursday.
ISLAMABAD:
The current 8.5% tax to GDP ratio is unsustainable, Finance Minister Ishaq Dar said while speaking to a gathering of Income Tax Commissioners on Thursday afternoon.
He said a tax to GDP ratio of 13 to 14 percent would be a “win-win situation for Pakistan”, and that this should be the target of the present government’s tenure.
He also highlighted extraction of natural resources as an economic goal. He said that petroleum production is expected to be at 30%, adding that according to recent estimates the country had 30 trillion cubic feet of gas, which has been left neglected.
In his address, the finance minister also emphasised the importance of transparency, merit, good governance and zero tolerance to corruption.
The current 8.5% tax to GDP ratio is unsustainable, Finance Minister Ishaq Dar said while speaking to a gathering of Income Tax Commissioners on Thursday afternoon.
He said a tax to GDP ratio of 13 to 14 percent would be a “win-win situation for Pakistan”, and that this should be the target of the present government’s tenure.
He also highlighted extraction of natural resources as an economic goal. He said that petroleum production is expected to be at 30%, adding that according to recent estimates the country had 30 trillion cubic feet of gas, which has been left neglected.
In his address, the finance minister also emphasised the importance of transparency, merit, good governance and zero tolerance to corruption.