Points to Ponder

Talking Points from an editorial in Dawn:

–Pakistan is in a debt trap.
–It must borrow more to pay back its existing debt–domestic and external loans both.
–The country’s debt stock has grown exponentially. So have debt payments.
–Expenditure on debt servicing outpaces tax revenue growth.

Solutions suggested:
Boost tax-to-GDP ratio.
Document and track the economy’s untaxed and undertaxed sectors.
Eliminate wasteful expenditures.

Read more here.

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