Defence Minister Khawaja Asif has said interminable tax evasion is continuing in the country which is causing irreparable loss to the economy.
“Tax evasion is continuing to an interminable extent in this country which is dealing a serious blow to the national economy”, he was addressing a ceremony held on Saturday under Tax Bar.
He went on to say that currency notes worth billions of rupees are issued but under tax head recovery to the extent of only one billion rupees is made. It is highly disappointing because national economy hinges on tax net.
He underscored the need for making arrangements to give concessions and create awareness among the people to increase the scope of the tax net and to put halt the endless series of tax evaders.