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Pakistan Must Pay More Tax, Argues Top Government Advisor

by Mary Swire, Tax-News.com, Hong Kong

06 January 2009

The Prime Minister of Pakistan's Financial Advisor, Shaukat Tareen, has argued that the government should tax more types of income in order to ensure greater economic growth.

Tareen's remarks came during an address to the members of the Korangi Association of Trade and Industry (KATI) on January 3, where he explained:

"We need 15% tax-GDP ratio only to maintain economic growth at around 7%. If we want more economic growth we will have to tax every income."

Tareen went on to reassure businessmen who have been campaigning against customs duties that their complaints would be acknowledged and appropriately dealt with by the Federal Board of Revenue.

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