{"id":442847,"date":"2024-11-11T11:07:49","date_gmt":"2024-11-11T06:07:49","guid":{"rendered":"https:\/\/leadpakistan.com.pk\/news\/?p=442847"},"modified":"2024-11-11T11:07:49","modified_gmt":"2024-11-11T06:07:49","slug":"fria-asks-govt-to-raise-tax-base","status":"publish","type":"post","link":"https:\/\/leadpakistan.com.pk\/news\/fria-asks-govt-to-raise-tax-base\/","title":{"rendered":"FRIA asks govt to raise tax base"},"content":{"rendered":"<p>ISLAMABAD: The Ferozepur Road Industrial Association (FRIA) has advocated the need for raising the country\u2019s tax base so that tax-to-GDP ratio improves from current poor level. FRIA senior vice chairman Shehbaz Aslam urged the trade officers to explore opportunities to diversify exports of goods and services in their respective areas, asking them to meet the challenges faced by Pakistan in European markets. He said that country\u2019s major export markets did not see any significant growth in importing goods from Pakistan in the financial. He also suggested the ministry to devise strategies for promotion of Pakistani products, calling upon trade officers to take advantage of opportunities offered by China-Pakistan Economic Corridor (CPEC). Shahbaz Aslam said that Pakistan\u2019s exports to the US and the UK, two high-priced markets, have seen substantial growth in the first quarter of the current financial year. However, exports to China have sharply declined during the same period, according to country-specific data released by the Trade Development Authority of Pakistan (TDAP). DNA<br \/>\nThe UK has overtaken China to become the second-largest export market for Pakistani products.The US remains the top export market for Pakistan, with exports to the country crossing the $1 billion mark in the first quarter. Exports stood at $1.454 billion, compared to $1.309 billion in the same quarter of the previous fiscal year, registering an 11 per cent increase.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: The Ferozepur Road Industrial Association (FRIA) has advocated the need for raising the country\u2019s tax base so that tax-to-GDP ratio improves from current poor level. FRIA senior vice chairman Shehbaz Aslam urged the trade officers to explore opportunities to diversify exports of goods and services in their respective areas, asking them to meet the [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-442847","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FRIA asks govt to raise tax base<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/leadpakistan.com.pk\/news\/fria-asks-govt-to-raise-tax-base\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FRIA asks govt to raise tax base\" \/>\n<meta property=\"og:description\" content=\"ISLAMABAD: The Ferozepur Road Industrial Association (FRIA) has advocated the need for raising the country\u2019s tax base so that tax-to-GDP ratio improves from current poor level. 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