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IMF asks Pakistan to broaden its tax base

ISLAMABAD: International Monetary Fund has asked the Pakistan government to further bolster revenue by broadening the tax base.

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This was stated by IMF’s Middle East and Central Asia Department Director Masood Ahmed in a statement following a recent visit to Islamabad and Lahore.

He said that Pakistan’s economy has improved due to prudent monetary policies, strong capital inflows, robust remittances from abroad and lower oil prices.

He said the authorities have made progress with consolidating macroeconomic stability, strengthening public finances and rebuilding foreign-exchange buffers. As a result, economic growth is strengthening and inflation is slowing.

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