Pakistan has successfully achieved the key tax targets set by the International Monetary Fund (IMF). Pakistan achieved a tax-to-GDP ratio of 10.8%, exceeding the target of 10.6pc for the ongoing fiscal year, which will pave the way for Islamabad to get second tranche of the loan programme. Talking to media, Finance Adviser Khurram Shehzad highlighted that Pakistan’s achievement represents the highest half-yearly tax-to-GDP ratio in the past four years. During the first half of the fiscal year, tax collection reached 94% of the targeted Rs6009 billion, he added.
