Posted 4/1/2024, 2:06:01 AM
Pakistan on Brink of Bankruptcy Due to Widespread Tax Evasion; Salaried Class Bears Burden While Big Players Dodge Taxes
- Pakistan facing default-like situation and is nearly bankrupt due to tax evasion, especially by big players like retailers and wholesalers
- Tax burden falls disproportionately on salaried class while others evade
- Tax-related cases worth Rs2.6 trillion stalled in courts
- Judiciary and bureaucracy accused of playing politics instead of performing duties
- Hopes for economic turnaround in 18-24 months if government policies successfully implemented