The International Monetary Fund (IMF) has projected that Pakistan’s tax-to-GDP ratio will remain largely stagnant over the next five years, despite a notable increase recorded in the previous fiscal year. While federal tax collections improved due to additional revenue measures, the Fund expects only marginal gains going forward, mainly driven by provincial taxes. Read More: […]
tax-to-GDP ratio
Pakistan’s growth outlook dims as exports lag, imports surge: IMF
The IMF projected Pakistan’s GDP could reach Rs193,630 billion by 2030, but exports may fall short at $46 billion. Imports are set to rise to $82.81 billion, while fiscal challenges persist, including a widening budget deficit and slower tax growth. Exports are estimated at $36.46 billion next year, rising to $40 billion in 2028 and […]
FBR digitalisation boosts returns but misses big non-filer gap
Tax experts have warned that the Federal Board of Revenue’s (FBR) digitalisation efforts will have limited impact without targeting non-filers. Currently, Pakistan’s tax-to-GDP ratio stands at 10-11%, and FBR aims to raise it to 18% by 2027-28. Analysts say increasing return filings alone will not significantly improve revenue. Karachi Tax Bar Association vice president Faiq […]
PM Shehbaz hails FBR reforms as key to rising tax collection
ISLAMABAD – Prime Minister Shehbaz Sharif expressed satisfaction over the rise in tax collection due to reforms in the Federal Board of Revenue (FBR). Chairing a weekly review meeting on FBR reforms, the PM said that the improvement in the tax-to-GDP ratio is encouraging. He pledged full support to the reform efforts and said both the […]
Pakistan’s tax-to-GDP ratio projected to hit 10.6% by june: Finance minister Aurangzeb
Finance Minister Muhammad Aurangzeb has announced that Pakistan’s tax-to-GDP ratio is expected to reach 10.6% by the end of the current fiscal year. This progress, he said, marks a significant step toward the government’s broader goal of reaching a 13% ratio by the conclusion of its 37-month program with the International Monetary Fund (IMF). He […]