Pakistan, July 3 -- Prime Minister Shehbaz Sharif has warned that no institutional complacency will be tolerated in meeting the revenue and economic targets set for the new fiscal year, saying that he would personally monitor the progress of revenue collection and implementation of key economic goals. The premier made these remarks while chairing a high-level weekly review meeting on the digitisation and reform agenda of the Federal Board of Revenue (FBR).

During the meeting, it was revealed that reforms and enforcement of new tax laws enabled the government to collect an additional Rs865 billion in revenues compared to the previous year, an eightfold increase. The federal revenue-to-GDP ratio also improved significantly, reaching 11.3%,...