Pakistan

Non-filers of income tax return get ready for more tax: Dar

dar

ISLAMABAD: Minister for Finance Ishaq Dar on Saturday said non-filers of income tax return should get ready to bear the burden of more tax, ARY News reported.

“Land will be shrunk for the people not coming under tax system,” the finance minister warned while speaking at pre-budget seminar in Islamabad.

He said Federal Board of Revenue was set to achieve revenue target of Rs3, 100 billion the following year.

The minister said a number of measures were taken during these years to expand tax net.

He said one-third NROs were withdrawn during first year of the incumbent government, one-third during current year and the remaining would be withdrawn during next budget, Radio Pakistan reported.

“Fiscal deficit, which stood at 8.8% of the GDP in 2013, has been brought down to 4.3% this year,” he said.

The minister said the government was pursuing a policy of three Es, including economy, energy and extremism, to build strong foundations for national progress and development.

He invited all the political parties to give their inputs for preparing a concrete roadmap for strengthening economy.

He said economy should not be politicized, and stressed for reaching a charter of economy in the line of charter of democracy.

Ishaq Dar said the government believed in consultations, and all the positive suggestions will be included in the budgetary proposals.

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