By: Nabi Bakhsh Soomro
Prime Minister Imran Khan on Monday said that Pakistan is trying to transform the cash economy into a digital economy to maximize its benefits by bringing its large population into the tax net. “It’s time to move on to the digital economy,” he said, hinting at a real-time grassroots settlement system under the Ehsas program. This method or system is a joint effort of the State Bank of Pakistan, Bill & Melinda Gates Foundation and Karsaz Pakistan. It is a pity of the Prime Minister of Pakistan that out of a population of 22 crore, only 2 million people pay taxes and only 3,000 taxpayers pay 70% tax. If found, it would not be possible to provide new schools, colleges, universities, hospitals and other facilities to the people. Electronic transactions are almost non-existent in Pakistan due to various reasons, including lack of money in banks, lack of awareness of digital banking. It will make it easier for the winning countries. It is obvious to everyone that the culture of paying taxes in Pakistan
The reason is that the governments have lost the trust of the people, the people are convinced that their taxes will be spent on their welfare, then the majority will not be reluctant to pay taxes. The Direct Instant First Instant Digital Payment System can undoubtedly be a milestone in this regard, reassuring the public that it will keep their money safe, prevent fraud and increase the number of taxpayers who Revenue will be generated, it will open the way for collective development and prosperity.