Pakistan's Finance Minister announces tax harassment end, non-filer bar on car/property purchases, aims to raise tax-to-GDP ratio.
Pakistan's Finance Minister Muhammad Aurangzeb announced that individuals filing income tax returns will not face harassment and the term "non-filer" will be eliminated. Non-filers will be barred from purchasing cars and properties. The government aims to boost the tax-to-GDP ratio from 9% to 13%. Aurangzeb expressed optimism about the economy, citing successful stakeholder meetings and upgrades from global rating agencies, with foreign reserves now at $11 billion.
October 27, 2024
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