Black market activities, smuggling cost Pakistan's economy USD 23 billion annually: Report
Illegal activities such as black market currency trade, gold smuggling, and oil smuggling are costing Pakistan's economy USD 23 billion per year, says a UK-based financial service company. These activities distort exchange rates, fuel inflation, erode confidence in the financial system, and lead to a loss of government revenue. Pakistan loses around USD 150 million per month from dollar smuggling and over USD 1 billion annually from oil smuggling.
Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.
