ISLAMABAD: After decades of lapses, the government on Friday took the first step to separate tax policy from revenue admi­nistration and notified the creation of Tax Policy Office (TPO), hea­d­ed by the finance minister.

The notification was issued following the federal cabinet’s approval on January 13.

The TPO, to be set up at the Ministry of Finance building, was part of the “government’s economic reform agenda,” according to the Finance Ministry’s notification.

The TPO will devise tax policies and proposals thro­ugh data modelling, revenue and economic forecasting, and the country’s international tax treaties and........

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