ISLAMABAD: Federal Minister for Finance, Senator Mohammad Ishaq Dar urged Federal Board of Revenue (FBR) to expedite its efforts for enhancing tax to GDP ratio from existing 9 percent as with this ratio Pakistan ranks one of the lowest tax collecting countries.
Addressing the Chief Commissioners Conference here at FBR on Thursday, the Finance Minister said that the government has embarked on an ambitious programme of annual 1% tax to GDP growth.
Ishaq Dar appreciated Chairman FBR and his team for 17.7 percent growth in tax collection during last 8 months saying tax collection in first eight months of this year was Rs. 1348 billion as compared to Rs 1145 billion in corresponding period of last year.
He said Chief Commissioners and other officers have been selected on merit and are being isolated from any external pressures and performance of each Chief Commissioner was being monitored closely.
He also urged FBR officials for increased efforts to make Pakistan prosperous country in line with vision of the Prime Minister.
Finance Minister directed FBR for clearing Sales Tax refunds upto Rs.500,000, within 3 weeks and refunds from Rs. 500,000-100,000 should be cleared by April 15 subject to verification and due process.
He said it would benefit around 26,000 clients of the total 36,000 refund cases.
“Taxpayers are our clients. We must have a positive and facilitative attitude towards them”, he added.