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Pakistan aims for 11% tax-to-GDP ratio by year-end, no new taxes, amid IMF progress and bond plans.
Pakistan’s Finance Minister Muhammad Aurangzeb reaffirmed the government’s commitment to achieving an 11% tax-to-GDP ratio by year-end under its IMF program, stating no new taxes will be imposed.
He emphasized progress in IMF negotiations, ongoing efforts to recover unpaid taxes through court cases, and the establishment of a new Tax Policy Office within the Finance Division to lead budget planning.
The government also plans a Washington investor conference and a $250 million Panda bond issuance in November, with a potential expansion to $1 billion.
Despite a recent revenue shortfall, Aurangzeb cited positive fiscal developments, including successful Eurobond repayments and continued IMF review progress.
Pakistán apunta a una proporción de impuestos al PIB del 11% para fin de año, sin nuevos impuestos, en medio de los avances del FMI y los planes de bonos.