ISLAMABAD, Pakistan: The Finance Minister Ishaq Dar has expressed the confidence that all economic targets will be achieved in the next two years.
While addressing a news conference in Dubai on Thursday after talks with International Monetary Fund (IMF) officials, the minister said that 60 percent increase has been registered in tax collection during the last three years.
The minister said that tax to Gross domestic product (GDP) ratio will be increased to 15 percent during the next two years. He said that IMF has supported our program of economic development.
Ishaq Dar said that Pakistan is committed to successfully implement the macroeconomic stability program announced by the government in June 2013.
The finance minister said that by collecting Rs3115 billion, the Federal Board of Revenue (FBR) exceeded its annual target of Rs3104 billion.
Ishaq Dar said that the GDP growth rate was maintained above four percent in Fiscal Year 2016 and will increase to seven percent by 2017.
In addition, he said that remarkable achievements were gained in all sectors of economy. He said that banking sector showed higher earnings and robust solvency, the Pakistan Stock Exchange scaled highest points and inflation remained curtailed.
The finance minister also highlighted the government`s endeavors in energy, social protection, climate reforms and public sector entities.
