Pakistan, which is facing a disappointing economic scenario, is sending notices to 300,000 people who don't pay their taxes.
Federal
Finance Minister Abdul Hafeez Shaikh has directed the Federal Board of
Revenue to ensure that notices to 300,000 people tax defaulters be
issued on a priority, reported Associated Press of Pakistan.
Shaikh also sought a complete analysis of the taxpayers? data and a discussion on the strategy to pursue the non-taxpayers.
He also discussed the progress in broadening the tax base.
The expected revenue collection during the period January to June 2012 was also reviewed in a meeting.
The annual report of the State Bank of Pakistan (SBP) has highlighted the country's disappointing economic situation.
The
report points out that the major factors that have contributed to 'this
grim state of affairs include the collapse of fixed investment, acute
energy shortages, urban violence and lawlessness, poor physical
infrastructure and institutional fragility'.
The central bank's
report says that the GDP growth of Pakistan is likely to settle in the
range of 3-4 percent by the end of fiscal 2011-12. IANS
