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Pakistan aims to boost tax revenues to 13% of GDP by 2025, facing challenges despite IMF support.
Pakistan's Finance Minister Muhammad Aurangzeb reports that the country's tax-to-GDP ratio is projected to reach 10.6% by June, up from 8.8%, with aims to hit 13% by the end of a 37-month IMF program.
Despite record taxes, the Federal Bureau of Revenue fell short of targets by Rs 833 billion, exceeding IMF limits by Rs 190 billion.
The IMF forecasts Pakistan's growth for 2025 at 2.6%, down from 3.2%, due to weaker economic activity and rising trade uncertainties.
The government emphasizes fiscal discipline, export boosts, and productivity to achieve economic stability.
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Pakistán pretende aumentar los ingresos fiscales al 13% del PIB para 2025, enfrentando desafíos a pesar del apoyo del FMI.