Daily Times
* Process of formalising informal economy is underway
July 25, 2021
Among the pledges that propelled Prime Minister Imran Khan to power three years ago, one was to bring home billions of dollars of illicit money the super-rich and ‘corrupt’ politicians had stashed abroad.
Trying to make good on his promise, Khan’s government has introduced a string of tough new measures in recent months designed to crack down on tax evaders and ‘black money,’ fueling panic among the country’s elite and growing numbers of millionaires.
No one knows for sure how much black money is hidden in Pakistan and overseas. Estimates range from $400 billion and so on.