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April 7, 2021
ISLAMABAD: Citing the FACTI report, Prime Minister Imran Khan on Tuesday said that annually $1 trillion from developing countries land into the tax havens, or into properties and richer countries, being the one reason behind huge inequality in the world.
The prime minister said he would personally talk to the IMF head against the backdrop of the coronavirus third wave as the government would be coming up with a second relief package. Speaking on the UNDP’s Pakistan National Human Development Report here, he continued that $7 trillion of these poor countries’ money were laundered and parked in unsafe tax havens, and this is the reason behind huge inequality in this world. So, he said, the poor countries were not only deprived of employment which this money could provide. When so many dollars leave the poor countries, the currency gets affected.
Top Story
April 7, 2021
ISLAMABAD: The UNDP s Pakistan National Human Development Report 2020 highlights two different Pakistans, one of the richest and the other of the poorest resulting in massive levels of income inequality.
The NHDR report 2020 launched by the United Nations Development Program (UNDP) and authored by renowned economist Dr. Hafiz A Pasha released on Tuesday mentions the idea of the two different Pakistans evokes images of the country’s richest and poorest groups – one with a multitude of opportunities to pursue quality education, secure responsive health care, and live off generational wealth; and the other, without even the bare minimum. Overall, the total privileges enjoyed by Pakistan’s most powerful groups amounted to Rs2,660 billion in 2017-2018, equivalent to 7 percent of the country’s GDP.