Pakistan's tax exemptions hit $21 billion; exceed external...

Pakistan's tax exemptions hit $21 billion; exceed external debt repayments: Economic survey reveals

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Pakistan's tax exemptions have surged to over $21 billion this year, exceeding its $17 billion debt repayment needs. The Economic Survey of Pakistan 2024-25 reveals a significant rise in tax exemptions to Rs 5.8 trillion, despite government efforts to reduce them. Sales, income, and customs duty exemptions have all increased substantially, raising concerns about the reliability of reported losses.

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