Govt making all out efforts to achieve financial stability: Aurangzeb

Finance Minister Muhammad Aurangzeb says the government is making all out efforts to achieve financial stability.

He was addressing a news conference alongside Minister for Information and Broadcasting Attaullah Tarar and Minister of State for Finance Ali Pervez Malik in Islamabad today.

The Finance Minister said taxation reforms have a key role in fiscal stability. He said the country has been languishing between 9-10 percent in terms of tax to GDP ratio but we have set a target of 13.5 percent for next three years to improve this standing.

Muhammad Aurangzeb said digitalization of FBR is aimed at enhancing transparency. He said that approval of design phase of digitalization was given by Prime Minister Shehbaz Sharif in September this year and now we are in execution phase of this process.

The Minister said while bridging tax gap and controlling tax leakages, every possible effort will be made to ensure that common man does not suffer.