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IMF says Pakistan needs to mobilise tax revenue, cut debt

WASHINGTON: Pakistan needs to mobilise domestic tax revenue to ensure funds for social and development programs, while reducing debt, the acting director of the International Monetary Fund said on Sunday after a meeting with Pakistani Prime Minister Imran Khan

It’s time to focus on hidden economy

A TAX officer went to buy a bicycle for his kid. The seller asked if he would like to get a receipt and pay the tax, which will result in higher price, or buy the bicycle without the receipt and purchase it at a lower price. So, the tax inspector paused and thought for a moment on, “What should I do?”