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dc.contributor.authorAhmed, Saira
dc.contributor.authorAhmed, Vaqar
dc.identifier.citationAhmed, S. and Ahmed, V. (2023) 'Tax Relief for Manufacturing and Services Sectors Aid Economic Recovery from Covid-19 in Pakistan', PEP Policy Brief, 251, Nairobi: Partnership for Economic Policy (PEP)en
dc.description.abstractIn response to the Covid-19 crisis, national and sub-national governments enacted tax relief measures for individuals and businesses. As a result, the federal government is eager to learn how tax policy and administration can aid pandemic recovery efforts. Weak economic growth and low tax revenues made it difficult for the government to maintain social protection measures during the Covid-19 pandemic. While micro, small, and medium-sized enterprises (MSMEs) received some tax relief in FY20, continued assistance is vital amid the ongoingglobal health emergency, which would likely increase government borrowing requirements. Furthermore, the government sought to improve tax relief to ensure that only the most vulnerable receive exemptions and subsidies. With Pakistan subject to an International Monetary Fund programme, implementing any tax relief is challenging. Thus, tax relief options must ease the financial shocks experienced by individual taxpayers, small and medium-sized businesses, and trading companies while minimizing the government's revenue loss.en
dc.publisherPartnership for Economic Policy (PEP)en
dc.relation.ispartofseriesPEP Policy Brief;251
dc.subjectEconomic Developmenten
dc.titleTax Relief for Manufacturing and Services Sectors Aid Economic Recovery from Covid-19 in Pakistanen
dc.typeSeries paper (non-IDS)en
dc.rights.holder© 2023 Partnership for Economic Policy (PEP). All rights reserveden
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