Pakistan says digitization of tax system top priority amid efforts to widen revenue base

Pakistan says digitization of tax system top priority amid efforts to widen revenue base

article author: 
Author: 
Fri, 2024-07-05 16:38

ISLAMABAD: Prime Minister Shehbaz Sharif said on Friday the digitization of the country’s tax system was a top government priority to prevent tax evasion worth billions of rupee and meet a challenging tax revenue target of 13 trillion rupees ($46.66 billion) for the new fiscal year that started July 1, a near 40 percent jump from last year. 
The South Asian country has set challenging revenue targets in its annual budget to help it win approval from the IMF for a loan to stave off another economic meltdown, even as domestic anger rises at new taxation measures. 

Main category: 
Tags: 

Read the full story at the Arab News Pakistan website.