Prime Minister Shehbaz Sharif Calls for Revamping Revenue Collection Strategy

Saturday, 13 July 2024, 13:27

Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue officials to reassess and amend their strategy to boost revenue collection in order to tackle Pakistan's significant public debt of $242 billion. The move follows Pakistan's agreement with the International Monetary Fund (IMF) for a new $7 billion funding.

Overview:

Prime Minister Shehbaz Sharif has urged the Federal Board of Revenue to review and adjust its revenue collection strategy in order to address Pakistan's substantial public debt.

Key Points:

Revenue Strategy: PM requests strategy re-evaluation.
Public Debt: Pakistan faces a massive debt of $242 billion.
IMF Agreement: Country reaches agreement for new $7 billion funding.

Conclusion:

Efforts to enhance revenue collection and reduce public debt are crucial for Pakistan's economic stability and growth.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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