Pakistan nears default due to tax evasion: Defence Minister ...Middle East

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.

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