He made this statement while addressing a news conference in Dubai on Thursday after talks with IMF officials.
The Minister said sixty percent increase has been registered in tax collection during the last three years. He said tax to GDP ratio will be increased to fifteen percent during the next two years.
Ishaq Dar said IMF has supported our program of economic development.
While unveiling budget for the fiscal year 2016-17 in June, Dar had unveiled an ambitious growth target at 5.7pc. He said that the government was taking measures to improve the GDP growth rate.
He underlined that decrease in cotton crop production up to 28% was a major setback for the GDP growth rate. The government had missed the GDP growth rate target last year, recording at 4.2% against a set target of 5.1%.