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business
Wednesday Apr 07 2021
By
Web Desk

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

By
Web Desk
Hammad Azhar, who holds the portfolios of finance ministry, as well as the ministry of industries and production, speaks at an event in Pakistan. Geo.tv/Files

  • Pakistan's growth target for next fiscal year to be set at more than 4%, says Hammad 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", Finance Minister Hammad Azhar said Tuesday.

Azhar, who also heads the Ministry of Industries & Production, said Pakistan's growth target for the next fiscal 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.