Now international lenders, who in the past avoided air­ing their views on the Pakistani economy, are openly calling a spade a spade. The IMF represen­tatives continue to repeat their re­solve in public that the Pakistani government(s) should tax untaxed sectors. The World Bank country director was more candid while passing scathing comments about powerful vested interests, includ­ing the military and political elite, not allowing reforms. Then how would these vested inter­ests take action to tax themselves? The elite capture is pushing the economy and the common people to the precipice.

Source: The Nation October 19, 2023 23:31 UTC