Islamabad: Pakistan is losing around 20 Billion rupees on daily basis due to corruption and tax evasion, Chairman National Accountability Bureau (NAB) disclosed in Press conference. Chairman NAB Admiral (Retd) Fasih Bokhari said that due to Loopholes in system. He said that Pakistan can generate billion of rupees just halting corruption from country.
Discussing Stats, he told media that country is losing Rs. 12 Billions daily just because of corruption. On other country is suffering from Tax Evasion which gives RS. 7 Billions Loss. Admiral (retd) Fasih Bokhari issued Corruption Paper Today in Press Conference. Pakistan may accomplish 2500 Billion Rupees mark on annual basis, he added.
Pakistan has 9 percent Tax to GDP Ratio which can easily increase to 18 percent, he argued. He also said that he already warned that Pakistan is losing huge amount just because of Corruption.
It’s worth mentioning here that last week, International Anti-Corruption Day 2012 was celebrated in Pakistan.