Jihad Azour calls for broader, more predictable tax system
ISLAMABAD: The International Monetary Fund (IMF) has called for Pakistan’s fiscal policy to go beyond achieving primary balance targets and protecting debt sustainability by reinforcing policy credibility, fostering economic recovery and creating space for public investment and social spending to support stronger long-term growth.
Speaking at a workshop on “Reforms for a Modern and Growth-Friendly Tax System in Pakistan”, IMF Middle East and Central Asia Department Director Jihad Azour said tax reform was critical to Pakistan’s economic growth agenda and remained central to the objectives of the Extended Fund Facility (EFF).
The workshop was organised by the Ministry of Finance and Revenue in collaboration with the IMF. Finance Minister Muhammad Aurangzeb also spoke at the workshop, highlighting achievements over the past two years.
Mr Azour said Pakistan had made important progress towards restoring macroeconomic stability, rebuilding confidence, strengthening external buffers and supporting a gradual economic recovery despite an era of shocks and uncertainty.
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