Adviser to Prime Minister on Finance, Economic Affairs and Revenue Miftah Ismail said on Monday that the government is taking several measures for enhancing tax net to increase revenue, with the consultation of all provisional stakeholder. "The mobilization of domestic resources through reforms in taxation is essential to ensure sustainable financing of development as government would not depend on foreign loan," he mentioned in an interview with private news channel.

While appreciating former Finance Minister Muhammad Ishaq Dar he said that Dar contributed for country's economic stability and growth. He assured that in a month, "We will take further steps to make our economy more strong through tax reforms."

"We want to facilitate the new tax filers and lessen the tax burden on middle class citizens for balancing tax distribution," he said. He further said that the government in recent months has stabilized the rupee and adjusted tariffs on imported goods to boost exports to reduce growing balance of payments. Ismail said that the government planned tax reforms to focus on widening the tax base, simplifying tax structures, slashing personal tax rates to encourage more people to file returns.

Copyright News Network International, 2018