ISLAMABAD: Federal Board of Revenue (FBR) Chairman Shabbar Zaidi has said the country’s tax collection ratio has witnessed an increase, which would improve and strengthen the national economy.
Talking to state television on Monday, he said no negligence would be tolerated in tax collection.
He said Pakistan’s economy could not afford massive imports and the incumbent government was formulating ways to enhance exports.
“Owing to the government’s prudent policies, exports of the country have been increasing while the imports have witnessed a significant decrease,” he stated. “The government is also taking appropriate steps to ensure industrialisation-based economy in the country,” he added.
The chairman stressed the need to document the national economy so as to broaden the tax net and achieve the tax collection targets.
He said the previous government had left the economy in a fragile condition but measures were being taken to recover the looted money from the exchequer to further boost the economy.