Pakistan’s economic team has unveiled new structural reforms to recover trillions in unpaid taxes from top income earners after years of fiscal slippage.
At a joint press conference in Islamabad, Chairman Federal Board of Revenue (FBR) Rashid Mahmood Langrial revealed that the country’s income tax gap stands at Rs. 1.7 trillion, with Rs. 1.2 trillion owed by top income earners alone. He said the FBR’s focus was now on enforcement rather than new taxes. He further ruled out any emergency taxation during the current fiscal year.
Langrial said Pakistan’s tax-to-GDP ratio had increased by 1.5 percent this year while income tax filers grew by 18 percent to 5.9 million. The FBR’s share in revenue rose from 8.36 percent to 10.33 percent, and the overall revenue-to-GDP ratio is expected to climb by 5 percent in the next three years, with provinces contributing 1.5 percent.
He said the FBR had been freed from political interference and was now targeting compliance among top earners with the help of security agencies to close the trillion-rupee tax gap.
Finance Minister Muhammad Aurangzeb said Pakistan’s macroeconomic stability had improved and the government was shifting from short-term fixes to structural reforms in tax, energy, and pension systems.
He said the reforms were designed to consolidate recent gains and sustain long-term growth under a whole-of-government approach backed by support from China, the US, and Gulf nations.
Stay Connected with ProPakistani
Get the latest business news, market insights, and economic updates wherever you prefer.
Add ProPakistani to Preferred Sources and see more of our stories in Google Search and Top Stories.
Another claim and 0 proof . We all know he can never do it nor will he have any power to do so
The richest hold political power and make the laws. He’s under the finance division which is directly controlled by them.
Pity how we hear these claims everytime for last 70 years
Totally agree with you
Hahaha 🤣🤣🤣🤣🤣 joke of the day if he got any big fish angry he can lose his job.
Rich Eats
Poor pays.
Who are you trying to fool?
ELITE CAPTURE OF PAKISTAN IS COMPLETE AND IRREVERSIBLE.
Instead off going after them and make recovery he’s making statement. People in question are very powerful and now that they know, they will make sure this project doesn’t happen.
good initiative, long over due, better late than never. let’s see, fingers crossed.
🤣🙄 Funny
Yes this is one aspects to increase recovery from those who are submitting less than the actual profitability, please don’t think, do it, set few examples, you are more than welcome however increase tax net by collecting tax from middlemen, Tehkedars, Arhti, Butchers and every shop wala, who earns more than a million in a month with no chance of loss.
Good decision by FBR . It should also investigate money laundering by elite class which caused pakistan financially weak and fragile .
Top Tex but Notting done for people who facing adverse effects of highest rates essential goods every day more and more Tex even low paid person r giving Tex on every thing like soap shampoo 😭 sugar ghee butter how can live in this position
یہ منہ اور مسور کی دال
Civil idarey may civil honey chaiye pehli cheez tu yea aur dusra duniya k emandar tareen log is mulk ko chala rahy hyn apney mufaad liye. Itni bar hakumat may laey janey k bawajood halaat bad sy bad tar hotey ja rahyn hyn bas ager kuch rah gya hy tu flyover aur underpass hyn.