Priority of the Govt is to increase tax, Finance Ministry

Islamabad: The Spokesman of the Finance Ministry, Rana Assad Amin, has said that the priority of the Government is to increase tax revenue through broadening the tax net and by including into the system the people who are not paying their due taxes.

He said that the purpose of the revenue generation is to invest in essential human and physical infrastructure including building dams to generate cheap electricity and enhance availability of water.

He mentioned that during the first 9 months of the current fiscal year, the Government has achieved around 17% increase in tax collection as compared to the last year.

The Spokesman added that the Government does not intend to increase the tax rate in the budget for 2014-15.

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