FBR projects 9% Tax-to-GDP Ratio for FY 2024-25

Pakistan, July 9, 2024: Federal Board Revenue (FBR )has projected a 9% tax-to-GDP ratio for the fiscal year 2024-25, marking a significant development for the country’s economic landscape. The FBR’s projection is a crucial step ahead to stabilize the economy and ensure sustainable growth.

Achieving this target will ensure a notable improvement from previous years, maximizing tax collection and a more efficient compliance framework. Moreover, achieving this target will also aid in reducing fiscal deceit and ensuring fiscal discipline.

Also Read: CDA To Float New Proposal For Investment In ISB IT Park

The additional revenue generated will be utilized in social welfare programs and other critical development projects. As the country navigates its economic challenges, FBR projection of a 9% tax-to-GDP ratio for FY 2024-25 will be a promising step towards economic resilience and fiscal sustainability.

Stay connected with RBS to get more updates on this and other important news.