No money for development, says Pakistan PM Imran Khan

Pakistan Prime Minister Imran Khan Monday said cash economy was the biggest hurdle in tapping true potential of 220 million population of the country

Jan 12, 2021
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Pakistan Prime Minister Imran Khan Monday said cash economy was the biggest hurdle in tapping true potential of 220 million population of the country.

He was addressing the inaugural ceremony of the State Bank of Pakistan (SBP) digital payment system ‘Raast’ here. The initiative is country’s first instant digital payment system and part of PM’s Digital Pakistan vision to include poor segments of society in the informal economy.

He explained that cash economy badly affected tax collection, which was evident from the fact that only two million, out of 220 million, people were tax-returns filers, while 30,000 of taxpayers make 70 per cent of the total tax collection in the country.


https://www.thenews.com.pk/print/773074-no-money-for-development-pm

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