ISLAMABAD: (May 2) Pakistan is losing Rs 3.4 trillion, including a nearly 30 per cent loss because of misuse of the Afghan Transit Trade facility due to illicit trade, according to a report.
The losses estimated by the Policy Research Institute of Market Economy (PRIME) in its report titled “Combatting Illicit Trade in Pakistan” are equal to 26 per cent of this fiscal year’s annual tax target, reported The Express Tribune newspaper.
The report estimates an annual tax revenue loss of Rs 3.4 trillion on account of an estimated USD 123 billion informal economy, according to the report released on Thursday. PTI
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