Govt eyes 13.5pc tax-to-GDP ratio in three years

• Senate committee debates new tax amendment bill; finance minister stresses need for strict enforcement of tax laws
• Shibli Faraz asks whether proposed tweaks should be classified as a money bill

ISLAMABAD: Finance Minister Muhammad Aurangzeb on Tuesday announced the government’s plan to increase the tax-to-GDP ratio from the current 10 per cent to 13.5pc within the next three years, stressing that the proposed amendments to tax laws would improve tax collection and compliance in the country.