The real task of the government is to eliminate parallel economy which is equal to the documented economy of around $315 billion and the policy focus should be more on doubling the size of documented economy to over $1 trillion
LAHORE (Pakistan Point News / Online - 03rd June, 2019) The real task of the government is to eliminate parallel economy which is equal to the documented economy of around $315 billion and the policy focus should be more on doubling the size of documented economy to over $1 trillion. It is not possible through temporary amnesty schemes rather it can be done through reforms in bureaucracy especially in the FBR, replacing it with an independent institution, setting it free from any influence of the government and political victimization, that can effectively enforce tax laws, strictly dealing with smuggling, custom duty evasion and black money with zero tolerance.
These views were expressed by the All Pakistan business Forum Patron In-chief and Pakistan Freedom Movement Chairman Haroon Khawaja during an interaction session on �Current economic challenges and its way out & solutions' with the National board of APBF. The interaction session was held at the Iftar reception, which was also attended by the APBF Chairman Ibrahim Qureshi, President Syed Maaz Mahmood and general secretary Khurram Niaz.
