By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Latest World News UpdateLatest World News UpdateLatest World News Update
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Legal Talk
Reading: Pakistan nears default due to tax evasion: Defence Minister – World News Network
Share
Notification Show More
Font ResizerAa
Latest World News UpdateLatest World News Update
Font ResizerAa
  • Home
  • Business
  • National
  • Entertainment
  • Sports
  • Health
  • Science
  • Tech
  • World
  • Marathi
  • Hindi
  • Gujarati
  • Videos
  • Press Release
    • Press Release
    • Press Release Distribution Packages
  • Legal Talk
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Latest World News Update > Blog > World > Pakistan nears default due to tax evasion: Defence Minister – World News Network
World

Pakistan nears default due to tax evasion: Defence Minister – World News Network

worldnewsnetwork
Last updated: April 2, 2024 12:00 am
worldnewsnetwork 2 years ago
Share
SHARE

Sialkot [Pakistan], April 2 (ANI): Pakistan is teetering on the edge of a financial abyss, with Defence Minister Khawaja Asif sounding the alarm, citing widespread tax evasion by the country’s elite as the primary culprit for the looming crisis, Dawn reported.
Asif pointed fingers at major sectors such as retailers and wholesalers, accusing them of shirking their tax responsibilities and exacerbating Pakistan’s economic woes.
Speaking to the media in his hometown of Sialkot, Asif conceded the government’s inability to provide immediate relief to the masses but remained optimistic about the future. He predicted that the current economic policies would yield substantial benefits within the next two years, according to Dawn.
Expressing concern over the disproportionate tax burden on the salaried class, Asif highlighted the neglect of tax obligations by other segments of society.
The minister raised the issue of stalled tax-related cases worth PKR 2.6 trillion in the courts, criticising the lack of urgency from the judiciary in resolving them. He accused both the judiciary and bureaucracy of prioritising politics over their duties.
Despite the grim outlook, Asif expressed hope for an economic turnaround within 18 to 24 months, banking on the successful implementation of government policies to alleviate the ongoing financial strain on the public, Dawn reported. (ANI)

Contents
WORLD MEDIA NETWORKPRESS RELEASE DISTRIBUTIONPress releases distribution in 166 countriesPress releases in all languagesPress releases in Indian LanguagesIndia PackagesEurope PackagesAsia PackagesMiddle East & Africa PackagesSouth America PackagesUSA & Canada PackagesOceania PackagesCis Countries PackagesWorld Packages

Disclaimer: This story is auto-generated from a syndicated feed of ANI; only the image & headline may have been reworked by News Services Division of World News Network Inc Ltd and Palghar News and Pune News and World News

sponsored by

WORLD MEDIA NETWORK


PRESS RELEASE DISTRIBUTION

Press releases distribution in 166 countries

EUROPE UK, INDIA, MIDDLE EAST, AFRICA, FRANCE, NETHERLANDS, BELGIUM, ITALY, SPAIN, GERMANY, AUSTRIA, SWITZERLAND, SOUTHEAST ASIA, JAPAN, SOUTH KOREA, GREATER CHINA, VIETNAM, THAILAND, INDONESIA, MALAYSIA, SOUTH AMERICA, RUSSIA, CIS COUNTRIES, AUSTRALIA, NEW ZEALAND AND MORE

Press releases in all languages

ENGLISH, GERMAN, DUTCH, FRENCH, PORTUGUESE, ARABIC, JAPANESE, and KOREAN CHINESE, VIETNAMESE, INDONESIAN, THAI, MALAY, RUSSIAN. ITALIAN, SPANISH AND AFRICAN LANGUAGES

Press releases in Indian Languages

HINDI, MARATHI, GUJARATI, TAMIL, TELUGU, BENGALI, KANNADA, ORIYA, PUNJABI, URDU, MALAYALAM
For more details and packages

Email - support@worldmedianetwork.uk
Website - worldmedianetwork.uk

India Packages

Read More

Europe Packages

Read More

Asia Packages

Read More

Middle East & Africa Packages

Read More

South America Packages

Read More

USA & Canada Packages

Read More

Oceania Packages

Read More

Cis Countries Packages

Read More

World Packages

Read More
sponsored by

You Might Also Like

India announces new healthcare projects for Afghanistan, gifts 20 ambulances during Taliban minister’s visit – World News Network

MJ Akbar tears into Pakistan, calls it a “corrupt military dictatorship” – World News Network

Eight Ukrainian children reunited with families, Melania Trump says Putin responded positively to peace letter – World News Network

Monks offer prayers to sacred Buddha relics being taken to Russia – World News Network

Multi-party delegation engages with Indian diaspora in New York – World News Network

Share This Article
Facebook Twitter Email Print
Previous Article Over 8,000 people continue to live in evacuation centres three months after Noto earthquake – World News Network
Next Article Adani Green Energy becomes first in renewables to surpass 10,000 MW operational portfolio – World News Network
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Stay Connected

235.3kFollowersLike
69.1kFollowersFollow
11.6kFollowersPin
56.4kFollowersFollow
136kSubscribersSubscribe
4.4kFollowersFollow
- Advertisement -

Latest News

Lakme Fashion Week 2025: Tabu exudes modern tradition in sparkling Anarkali as she walks ramp for ITRH’s ‘Noor’ – World News Network
Entertainment 7 minutes ago
“I was isolated”: Elizabeth Berkley on criticism she recieved for her role in ‘Showgirls’ – World News Network
Entertainment 1 day ago
Amitabh Bachchan turns 83, fans gather outside Jalsa to celebrate his birthday – World News Network
Entertainment 1 day ago
Anthropic CEO meets PM Modi to discuss India expansion; Bengaluru chosen for first office – World News Network
Business 1 day ago

Sports

“Tough game, deserved win for South Africa”: Indian skipper Harmanpreet Kaur – World News Network
Sports
Women CWC: de Klerk’s masterclass powers South Africa to a thrilling 3-wicket win over India – World News Network
Sports

Popular Category

  • Business
  • Entertainment
  • Health
  • National
  • Videos
  • Gujarati

Popular Category

  • Hindi
  • Lifestyle
  • Marathi
  • National
  • Science
  • Sports
  • Tech
  • World

Entertainment

“Hate messages are coming from Pakistan, UAE..”: Sameer Wankhede on defamation suit against Netflix, Red Chillies Entertainment – World News Network
Entertainment
Amitabh Bachchan turns 83, receives heartfelt birthday wish from granddaughter Navya Nanda – World News Network
Entertainment
Copyright © 2023 World News Network. All Rights Reserved.
Join Us!

Subscribe to our newsletter and never miss our latest news, podcasts etc..

[mc4wp_form]
Zero spam, Unsubscribe at any time.
Welcome Back!

Sign in to your account

Lost your password?