Pakistan's economy will grow faster than 2021 forecast, says Hammad Azhar

• Pakistan's growth target for next fiscal year to be set at more than 4%, saysHammad Azhar
• Vows to "bring concrete programs to increase the tax net" and prioritise on expanding the scope of the tax system.
• Azhar says 2021 "seeing a fantastic increase in the revenue" and that the economic production would grow on the basis of stability.

ISLAMABAD: Pakistan's economy "will grow faster than forecast this year", FinanceMinisterHammad Azharsaid Tuesday.

Azhar, who also heads theMinistry of Industries & Production, said Pakistan's growth target for the nextfiscal year would be set at more than 4%.

"We will bring concrete programmes to increase the tax net," he said, adding that the PTI-led federal government would also prioritise expanding the scope of the tax system.

The federal minister vowed to continue the crackdown on tax evasion, saying the government was "confident of achieving our targets".

"This year is seeing a fantastic increase in the revenue," Azhar said, adding that the economic production would grow on the basis of stability in the country.