Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue (FBR) to intensify enforcement efforts to boost revenue collection during the current fiscal year and ensure the achievement of the annual target.According to an official statement from the Prime Minister\u2019s Secretariat, the meeting was informed that FBR\u2019s enforcement measures and reform initiatives have resulted in a historic 1.5pc increase in the tax-to-GDP ratio. The directive was issued during a meeting chaired by the premier to review progress on FBR reforms. He received a detailed briefing on the status of key tax reform initiatives and their implementation timelines. According to an official statement from the Prime Minister\u2019s Secretariat, the meeting was informed that FBR\u2019s enforcement measures and reform initiatives have resulted in a historic 1.5pc increase in the tax-to-GDP ratio. The number of tax return filers has surged from 4.5 million to 7.2m. In the retail sector, income tax collection grew by Rs455 billion as of June 30 compared to the preceding year, the meeting was told.<\/p>\n","protected":false},"excerpt":{"rendered":"
Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue (FBR) to intensify enforcement efforts to boost revenue collection during the current fiscal year…<\/p>\n","protected":false},"author":1,"featured_media":25986,"comment_status":"registered_only","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[8],"tags":[],"class_list":["post-25985","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-latest-news-updates"],"jetpack_publicize_connections":[],"_links":{"self":[{"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=\/wp\/v2\/posts\/25985","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25985"}],"version-history":[{"count":0,"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=\/wp\/v2\/posts\/25985\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=\/wp\/v2\/media\/25986"}],"wp:attachment":[{"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25985"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25985"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.diplomacypakistan.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25985"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}