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Business

Web Desk
April 7, 2021

Hammad Azhar says next year's growth target for Pakistan to be set at over 4%

Web Desk
Wed, Apr 07, 2021

  • Hammad Azhar vows to "bring concrete programmess to increase the tax net" and prioritise on expanding the scope of the tax system.
  • Pakistan's growth target for next fiscal year to be set at more than 4%, says Hammad Azhar
  • Azhar says 2021 "seeing a fantastic increase in the revenue" and that the economic production would grow on the basis of stability.


ISLAMABAD: Finance Minister Hammad Azhar said Tuesday the growth target for Pakistan next year would be set at over 4%.

Azhar, who also heads the Ministry of Industries & Production, expressed the confidence that Pakistan's economy would "grow faster than forecast this year".

The federal minister said the PTI-led government aimed to "bring concrete programmes to increase the tax net" and that it would also focus on bolstering the scope of the tax system.

He also vowed to continue the crackdown on tax evasion, saying the Centre was "confident of achieving our targets".

"This year is seeing a fantastic increase in the revenue," Azhar said, adding that the production would grow on the basis of Pakistan's stability.