Islamabad, February 16, 2022 (PPI-OT):Minister for Finance and Revenue Shaukat Tarin has said the government is committed for promoting tax culture in the country by introducing constructive exercises such as prize schemes for the consumers. He was addressing the second computer ballot of the Point of Sale prize scheme in Islamabad. The finance minister said the government is discouraging the culture of harassing the taxpayers and instead promoting constructive exercises to increase tax collection in the country.

He said that at present, the total collection of taxes was only 10 percent of the country’s GDP, however, the current expenditures were over 12 percent. Shaukat Tarin said in order to achieve sustainable economic growth, we will have to increase tax to GDP up to 20 percent. The minister asked the common man to play role in increasing tax revenues by demanding receipts from the retailers. He said the amount of the prize scheme which was 500 million rupees would be increased gradually.

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