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PM briefed about status of revenue collection

PM briefed about status of revenue collection

ISLAMABAD: Prime Minister Shahid Khaqan Abbasi was briefed about the measures the Ministry of Finance has taken to broaden the tax base and the status of revenue collection during a meeting at the Prime Minister’s Office.

Finance Minister Muhammad Ishaq Dar briefed the prime minister on the current economic and financial situation in the country. The finance secretary, the Federal Board of Revenue chairman and senior government officials were also present during the meeting.

Commitment to broaden tax base and facilitate payment of taxes was reiterated during the briefing.

The prime minister was informed that collection of taxes had witnessed successful upward trajectory over past four years and overall tax collection had increased on sustainable basis making the outflows available for infrastructural development projects as well as public welfare schemes.

The PM observed that taxation was core function of the public sector management and was also seen as an imperative for modern system of governance in context of viable state. To this extent, he said, the government was committed to utilising tax revenues for the development and welfare of common man.

Abbasi said that economic turn-around achieved as a result of prudent economic policies pursued by the present government should be further consolidated to maintain macroeconomic stability and ensuring sustainable economic growth.