The government could gather Rs. 24 trillion in revenue, according to PM Shehbaz Sharif

Prime Minister Shehbaz Sharif envisions Pakistan reaching unprecedented revenue collection, aiming to surpass a staggering Rs 24 trillion mark. This ambitious goal dwarfs the typical target of Rs 9.4 trillion for annual tax revenue.

Addressing an event honoring diligent officers from the Federal Board of Revenue (FBR), he highlighted that corruption, inertia, and errors are costing the nation dearly—resulting in a shortfall of about three times the potential annual revenue.

Sharif sees this additional revenue as vital for addressing pressing needs such as debt repayment and infrastructure development, including hospitals, schools, and roads. However, significant challenges persist, including inadequate tax compliance relative to the country’s overall earnings and escalating domestic and international debts.

Furthermore, Shehbaz Sharif outlined the government’s efforts to retrieve Rs 2.7 trillion currently entangled in various legal disputes. New regulations are being formulated to facilitate the recovery of these funds.

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