Increasing debt on Pakistan, PM Imran confessed – “No money to run the country”

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Non-payment of tax is a problem of Pakistan but Pakistan is also facing difficulties due to terrorism. It has been on the gray list of the Financial Action Task Force continuously since 2018.

New Delhi:

Pakistan’s Prime Minister Imran Khan has admitted that the government of Pakistan does not have money to run the country. For this, he has blamed the lack of tax culture in Pakistan. There is a debt of about 30 thousand trillion on Pakistan and people are not paying taxes. Imran Khan said that the biggest problem of Pakistan is that there is no money to run the country. This is the confession of the Prime Minister of Pakistan. Imran government has no money to run the country. And for this Imran Khan has blamed the tax payers. Before Imran Khan, there was a government of Nawaz Sharif in Pakistan.

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Imran also accused the previous governments of wasting tax money. According to Imran, the debt of Pakistan has increased from six thousand trillion to 30 thousand trillion in 10 years and only 20 lakh people are paying taxes.

Non-payment of tax is a problem of Pakistan but Pakistan is also facing difficulties due to terrorism. It has been on the gray list of the Financial Action Task Force continuously since 2018. Because of this, he has to go through a rigorous process of financial investment and help coming from abroad. Pakistan is not the preferred destination for foreign financial institutions and investors amid the dangers of being blacklisted. It is clear that if Pakistan has to come out of its economic poverty, then along with increasing tax collection, terrorist funding etc. will also have to be controlled.

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The Government of Pakistan has identified about 15 million potential tax payers under the Track and Trace scheme. Their scrutiny is going on to see who is eligible to pay tax but is not paying it. Currently, 3 million people file tax returns in Pakistan, out of which 10 lakh file returns only on paper, without paying any tax.

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