Published On: Thu, Oct 12th, 2017

General Qamar Javed Bajwa says the Tax Base Needs to be Increased

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tax baseChief of Army Staff (COAS), General Qamar Javed Bajwa sends a clear message to boost the tax base. According to a speech shared by Inter-Services Public Relations (ISPR) expanding the tax base will contribute to the economic growth of the country and end the begging brawl.
Pakistan needs to focus on improving financial stability and ensure economic development.
The army chief addressed in a seminar on the interplay of economy and security in which he stated that the economy is not consistent. It shows varied indicators. While he appreciated the economic growth but he also expressed concern at the great rise in debt.
Bajwa’s speech further pointed to grimly low tax base to GDO ratio and said it needs to be changed. COAS further pointed that economic growth is a matter of great concern and he regularly reads the business and economy page right after the front page.
It was further stated that Pakistan has great capabilities. It can change the situation by addressing the discrepancies through diversifying exports, tax reforms, and encouraging savings to finance more. Furthermore, he said the benefits should reach all over Pakistan. This is very crucial for development and progress of Pakistan.
It is essential that both economy and security go side by side. A balance needs to be achieved. Gen Bajwa pointed that the claim made after cold war that only economic concentration would dictate global politics and security has proved to be false. The current situation of the global dynamics has put the focus on security again.
COAS also said that Pakistan is also making progress in peace which is indicated by peaceful Muharram in Pakistan. Pakistan also successfully managed international sports and cultural events.
National Action Plan (NAP) is also making good progress and future policies will contribute directly to economic and political stability. The Chief also said that it is essential to accommodate the growing population of Pakistan so that no one is be left behind.
Furthermore, COAS lauded the China-Pakistan Economic Corridor (CPEC) and said it is integral for development of this region and has  great potential.
“Our destinies are inextricably linked,” he told India and Afghanistan, adding that he sincerely believes that the region “will sink or sail together.”

About the Author

- Junaid Ashraf has a Master of Philosophy degree in government and public policy. He has international publications through Taylor & Francis, a leading British publishing body. He regularly write columns for newspapers. His interests include international political economy, geopolitics and good governance. He writes for Asia Times.