ISLAMABAD: Federal Finance Minister Ishaq Dar has said that Pakistan is seeking Turkey’s assistance to improve the country’s tax system and address low tax-to-GDP ratio.
“Cooperation efforts are already being undertaken at the appropriate level to draw lessons from the Turkish taxation model,” said Ishaq Dar, finance minister during a meeting with the visiting Turkish deputy prime minister.
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It was agreed that all necessary measures should be undertaken to further enhance bilateral trade and economic cooperation. Dar said Pakistan has achieved macroeconomic stability during the present government, “and now the government is focused on stimulating economic growth.”
“The improvement in Pakistan’s economy has been recognised by multilateral international organisations and international credit rating agencies in the form of raised growth projections and credit rating upgrades,” he added.
The visiting dignitaries hailed the finance minister on the achievement of economic stability within a short span.
Deputy Prime Minister Yildirim Tugrul Turkes said Turkey has undertaken tax reforms in a business-friendly manner. “Turkey will be happy to assist Pakistan in any way possible with its tax reforms.”
