Pakistan’s Tax policy Response to Covid-19 pandemic
Pakistan is a middle income country with GDP per capita of USD 1,497 during 2018-19. Revenue mobilization is almost 50% of its potential with tax revenue-GDP ratio of 13.9% and non-tax revenue-GDP ratio of 2.4% during 2018/19. With limited resources like other developing countries, Pakistan will be facing serious challenges in the wake of the Covid-19 pandemic. Although it is too early to sum up exact impact of the pandemic, the most-cited impact is summarized below.
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