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IMF urges Pakistan to widen tax base, accelerate reforms
ISLAMABAD: The International Monetary Fund (IMF) has urged Pakistan to accelerate structural reforms, broaden its narrow tax base and ensure equitable burden-sharing, stressing that low tax-to-GDP ratio and largely untapped revenue potential in agriculture, real estate and provincial services taxation are undermining the state’s capacity to finance development and public services. Dr Mahir Binici, IMF Resident Representative in Pakistan, said the country was at a historical juncture where the focus must shift from macroeconomic stabilisation towards economic transformation through faster imple...
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