Tax revenue


This is with regards to the news report titled, “Govt fails in enhancing tax revenue”, published yesterday. Something needs to be done in this regard. If the political leadership is under the illusion that economy will improve at its own, they may think again. The taxation system requires a major overhaul, but the problem is those who have the power to do it get hurt. So we are stuck. IMF package for Pakistan was a policy suggestion and still there is some time left to follow it. Pakistan is part of the global economy and it cannot act at its own; given the resource limitations.