Tax reforms produce good results

Tax reforms introduced by the PML N government have started showing good results according to the Ministry of Finance officials. In July the tax collection has increased by 134 billion rupees due to the rise in sales tax from 16% to 17%. Government is also serious in increasing the tax net to keep the budget deficit to 6.3% of GDP.

IMF has linked its 6.6 billion dollars package to the tax reforms. Government officials expressed confidence that they will be able to achieve the target without burdening the middle and lower middle classes of the country.

Finance Minister Ishaq Dar informed media that 500000 new tax payers will be added to the tax net which were identified from the NADRA data base. He said that 10,935 notices were served to tax payers during last month.

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