June 11, 2019 / 1:09 PM / 7 days ago

Pakistan sets $36.75 billion tax revenue target

Muhammad Hammad Azhar, Minister of State for Revenue is seen at his office in Islamabad, Pakistan November 14, 2018. REUTERS/Faisal Mahmood

ISLAMABAD - Pakistan’s government announced a tax revenue target of 5.55 trillion rupees ($36.75 billion) for the financial year to June 2020, a sharp increase from the 4.4 trillion rupee target in last year’s budget.

Military spending was set at 1.15 trillion rupees, Revenue Minister Hammad Azhar announced in parliament, 4.5% higher than the level in last year’s budget.

Reporting by Asif Shahzad: Writing by James Mackenzie

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