Islamabad: Finance Minister Ishaq Dar has said that smugglers and illegal means of foreign currency laundering have made the country’s economy hostage.
Speaking at the second Pakistan Prosperity Forum in Islamabad on Wednesday, Fininace Minister Ishaq Dar said that there is no way out except to increase tax to GDP ratio.
Ishaq Dar claimed that the economic management has been remained totally failed for last four years. He said that during the last four years the country’s debts surmounted to Rs 54 billion rupees from 30 billion rupees.
Despite all these challenges the government is making efforts to revive the economy, he added.
He said we have recently launched operations to check smuggling of foreign currency and other commodities.
The Finance Minister said during the last twenty-four hours our customs department arrested a person in Chaman border who was trying to smuggle one hundred thousand dollars across the border.
Strongly criticizing the policies of previous government, the Finance Minister said there was an unbearable increase in the country’s debt during its tenure.
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