ISLAMABAD: Muhammad Aurangzeb, the minister of finance, said on Wednesday that the government’s negotiations with the International Monetary Fund (IMF) were moving “positively” and that he was pleased with the speed of the discussions.
The finance minister told reporters in Islamabad that the government was optimistic about raising Pakistan’s tax-to-GDP ratio to 11%.
He mentioned a number of ongoing tax-related court cases, expressing the expectation that they will boost the Federal Board of Revenue’s (FBR) revenue.
Even though Rs1.3 trillion in additional taxes were imposed, the FBR nevertheless fell short of its initial target of Rs12.97 trillion for fiscal year 2024–2025 by Rs1.2 trillion.
