Investment ratio to GDP increases to 15.6pc: Dar

Latest Update: July 13, 2016 | 190 Views
Ishaq Dar

ISLAMABAD: Finance Minister Ishaq Dar says continuous growth in revenue collection has helped in reducing the fiscal deficit from 8.8 percent to 4.45 percent during the past three years.

He was addressing a function held in Islamabad to congratulate FBR team for achieving revenue collection target of 3404 billion rupees during the last fiscal year.

Ishaq Dar urged the FBR team to do more for achieving another target of 3621 billion rupees during the current financial year.

He said more work is needed to be done in information technology sector and mitigating the leakages besides making the Sales Tax system a robust one.

The Finance Minister said Pakistan’s rank scoring has not only gone up from negative to stable but is now ranked as positive by international institutions.

Ishaq Dar said investment ratio to GDP has also increased from 12.6 percent to 15.6 percent which would further be enhanced to about 21 per cent.


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