- Tax to GDP ratio is 12pc right now — among lowest in world. Will be brought to 20pc
- Agenda for tax reform created that will give macroeconomic stability and help future generations
- This agenda is part of the government's medium term policy framework
- The government has been foregoing Rs972.4bn in tax breaks to different sectors
- Likewise, the present customs duty regime is losing the country Rs20bn in annual revenue
- Govt giving final shape to a corrective customs tariff that will be implemented phase wise
