Pakistan Minister Calls for Fundamental Tax System Transformation

Federal Minister Ahsan Iqbal emphasized that Pakistan cannot reach its USD 1 trillion economy goal by 2035 with "business-as-usual" policies, advocating for "digital speed" in reforms. He highlighted tax reforms and resource mobilization as the "financial engine" for 11 national economic missions, stressing the need to increase the tax base and revenue while reducing rates. Iqbal also called for higher exports and a rapid shift to a technology-based, digital economy. While these long-term structural reforms are crucial for Pakistan's economic stability, they are unlikely to cause immediate shifts in gold or currency rates.

بحوالہ / Source: www.brecorder.com