The Cobra Effect refers to the unintended negative consequences of an incentive that was designed to improve society or individual well-being. The term derives from an attempt to eradicate snakes in India, wherein people bred cobras to collect rewards for their capture.
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Large Taxpayers Office Karachi achieves record Rs3.5 trillion revenue in FY25
Historic collection includes Rs184.7 billion in a single day and a 29% annual growth, with income tax as the highest contributor
