Miftah emphasizes expanding tax net in Pakistan

In a recent statement, Miftah, a former leader of the Pakistan Muslim League-Nawaz (PML-N), highlighted the pressing need to expand the tax net in Pakistan. Drawing attention to global practices, Miftah underscored the importance of broadening the tax base to enhance revenue generation for the country.

One of the key issues Miftah pointed out was the rampant tax evasion in the gold sector. He noted that a substantial amount of revenue is being lost due to the lack of proper taxation in this sector. Addressing this loophole could significantly boost the government's revenue and contribute to the country's economic development.

Expanding the tax net is crucial for Pakistan's financial stability and growth. By ensuring that all sectors, including the gold industry, are subject to taxation, the government can increase its revenue streams and fund essential public services such as healthcare, education, and infrastructure development.

Efforts to expand the tax net in Pakistan are essential for fostering economic progress and ensuring a fair distribution of financial responsibilities among citizens. By addressing issues like tax evasion in sectors like gold, the government can create a more equitable and sustainable revenue system that benefits the entire nation.