PEW Praises Government for Choosing Taxes Over Loans

Islamabad (25 June, 2019): The Pakistan Economy Watch (PEW) praised government of Pakistan for taking the harder way to document Pakistan’s economy and generate its resources. 

According to Baaghi TV’s sources, PEW said that the prior governments had preferred to take foreign loans instead of increasing taxes which has proven to be a threat to the country’s survival.

Dr Murtaza Mughal, President PEW said, that while Pakistan took loans for development projects, it was mismanagement of dues that forced the state into taking further loans in order to make up for the financial setbacks.

Dr Mugal further said that the government should take severe steps against the property sector as that is largely the source of the country’s black market. President PEW is of the opinion that cash transactions shod be banned by the government and replaced with mandatory banking transactions for both real estate as well as buying or selling or cars.

Dr Murtaza Mughal continue to say that Pakistan should not celebrate temporary relief provided by FATF as the state is still under duress by the sword of action. The credit for this temporary relief is due to government, Foreign Office and Pakistan’s delegation who has won the hearts of European countries which prior to this had always stood wit India.

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