Finance Minister vows to improve tax-to-GDP ratio

As part of continuing fiscal consolidation efforts, Finance Minister Muhammad Aurangzeb has reaffirmed the government’s commitment to raising the tax-to-GDP ratio.
Jeremy Zook, Senior Director Thomas Rookmaker, Directors Asia Pacific Sovereign, and Krisjanis Krustins led the Fitch Ratings representatives in the Zoom meeting where he was presenting today.
The talks included the continuing privatisation and rightsizing of federal government institutions in order to improve governance and streamline operations, as well as ongoing changes in the energy sector and state-owned enterprises.
The Minister briefed the rating agency about Pakistan’s Staff-Level Agreement with the IMF, which was finalised this month, for a new medium-term programme aimed at supporting Pakistan’s domestic economic reform agenda, and informed them about the confidence that multilateral institutions have in funding Pakistan’s projects.