EAC’s subgroup tasked to double tax revenue

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The government on Friday tasked its new economic team to double revenue collection of the apex tax authority to an ambitious eight trillion rupees from the current fiscal year’s target of Rs4.4 trillion without giving any specific time frame.

The government constituted a subgroup of the Economic Advisory Council (EAC) to devise strategy for jacking up the tax collection.

The subgroup of economists will comprise renowned economists, including Ijaz Nabi, as convener, and members Farrukh Iqbal, Asad Zaman, Naved Hamid and Sakib Sherani.