Pakistan's investment ratio to GDP increases

Pakistan's investment ratio to GDP increases

ISLAMABAD: Finance Minister Ishaq Dar said continuous growth in revenue collection has helped reduce fiscal deficit from 8.8 percent to 4.45 percent during the past three years.

Addressing a function held on Wednesday to congratulate the Federal Board of Revenue (FBR) team for achieving revenue collection target of Rs 3,404 billion during the last fiscal year, Ishaq Dar urged the FBR to work more efficiently for achieving the target of Rs 3,621 billion during the current financial year.

He said more work was needed in the information technology sector and mitigating the leakages besides making the sales tax system a robust one. He said Pakistan's rank scoring has not only gone up from negative to stable but was now ranked as positive by international institutions. He said investment ratio to GDP has also increased from 12.6 percent to 15.6 percent, which would further be enhanced to about 21 percent.

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