Any country which is capable of collecting revenue from taxes is on the right path. It is a well-known fact that when citizens pay taxes, countries thrive. It also makes it easier for the state to make available all the necessary resources for its citizens.
When there are gaps in tax collection, the development of a country gets badly affected. These gaps become apparent when the government reduces investment in public services. In Pakistan, tax collection is a big problem. The government, however, should target the illicit trade industry which has been thriving in the country for many decades. Smuggling mafias have created illicit trade empires from goods like mobile phones and fuel, and other small everyday use items.
There are so many news reports that talk about the illicit trade of cigarettes in Pakistan. We see so many different variations of the same cigarette brand in shops, some displayed proudly, while others hidden behind cash counters. Some have government-approved warning signs, others don’t. They are all the same brand but have different origins.
One can’t help but wonder how beneficial it would be to remove these items from the illicit trade and use the revenue for something good. One thing is certain, if this illegal
trade isn’t dealt with adequately, our economy will suffer great consequences.
Fawad Khan
Karachi
Rising inflation not only affects the purchasing power of consumers but also undermines overall economic stability. It...
The climate change situation in Pakistan is a huge problem for the entire nation. Even though it is among the...
Karachi residents living along or near University Road, are facing many difficulties due to the construction of the...
This letter refers to the news report ‘Events like Ambani's wedding should also be held in Pakistan: Sindh...
The strength of a nation is crucial for its prosperity and stability. A strong nation is not only economically stable...
The month of February saw yet another controversial general election in Pakistan. A great number of allegations of...