business

July 14, 2020

Tax-to-GDP slips to 9.5pc despite marathon reforms

KARACHI: Pakistan’s tax-to-GDP ratio has slipped to 9.5 percent in the last fiscal year of 2019/20 from 9.9 percent a year earlier, indicating the government is yet to find means to take it back to double digit despite an array of reforms and management reshuffling in the last two years, official data showed on Monday.This is the second straight year when the tax-to-GDP ratio witnessed contraction despite reform program initiated by the present government to broaden the tax base and enhance...