Govt trying to increase tax to GDP ratio: Hammad

Minister for Economic Affairs, Hamad Azhar has said that present government is trying to increase the Tax to GDP ratio from three to four percent by the end of this year.

Talking to a private news channel, he said all out efforts are being made to reduce the current account deficit and fiscal deficit.

Hammad Azhar said the incumbent government had to borrow the loans for paying the interest on old loans taken by the previous governments.

Replying to a question, the Minister said we have decided to avoid borrowing loans from the State Bank of Pakistan.

To another question, Hammad Azhar said the previous governments of PPP and PMLN, borrowed heavy loans but they could not generate the resources for increasing the income.

Source: Radio Pakistan

The All Pakistan Cement Manufacture Association has said in its report that growth rate of
Orange Line Metro Train will be made operational in Lahore in Janurary 2020.This was told
BANGKOK - Water and climate experts from across Asia are stressing the need to work