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Pakistan’s economy “will grow faster than forecast this year,” Hammad Azhar

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 priorities 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.

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