The International Monetary Fund (IMF) has warned that Pakistan is losing Rs3.4 trillion annually due to tax evasion, corruption, and hidden incomes. The loss equals about 3.9% of the country’s GDP. The Fund called for urgent reforms to expand the tax base and improve accountability. The IMF highlighted severe weaknesses in Pakistan’s tax system, including […]
GDP loss
Pakistan may lose 20% of GDP by 2050 due to climate crisis, warns World Bank
ISLAMABAD – Pakistan could lose up to 20 percent of its GDP by 2050 as a result of escalating climate change, recurrent floods, and worsening air pollution, the World Bank Country Director warned during a session organized by the Sustainable Development Policy Institute (SDPI) on “Sustainable Development in an Emerging World.” The World Bank official […]