GUJRAT: “In acknowledging Pakistan’s current economic challenges, Defense Minister Khawaja Asif highlighted the pressing issue of widespread tax evasion by major entities, which has contributed to a near-bankrupt scenario. He emphasized that sectors such as retailers and wholesalers are evading their tax obligations, exacerbating the country’s financial woes. While immediate relief may be challenging, the minister expressed optimism about the government’s economic policies, projecting tangible benefits for the public within the next two years. He also lamented the disproportionate burden of taxation on the salaried class and criticized the judiciary and bureaucracy for delaying tax-related cases. Despite these hurdles, Mr. Asif remains hopeful for an economic turnaround within the next 18 to 24 months, envisioning successful policy implementation leading to much-needed relief for the populace.”