ISLAMABAD: Defence minister Khawaja Asif has said interminable tax evasion is continuing in the country which is causing irreparable loss to national economy.
“ tax evasion is continuing to interminable extent in this country which is dealing a serious blow to national economy”, he said this while addressing a ceremony held here Saturday under Tax Bar.
He went on to say that currency notes worth billion 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. But here no one cares for it that tax evasion is causing irreparable loss to the national economy, he added.
He underscored the need for making arrangements to give concessions and create awareness among the people for extending the scope of tax net and putting to halt the endless series of tax evaders.