Pakistan's economy has long been plagued by a persistent challenge: the undocumented economy. Estimated to be worth a staggering $457 billion, this shadow economy encompasses a vast array of sectors, from street vendors to small businesses, and even a significant portion of the real estate sector. The implications of this phenomenon are far-reaching, with severe consequences for Pakistan's economic growth, revenue collection, and fiscal capacity. One of the primary drivers of Pakistan's undocumented economy is its complex and unfair tax regime. With a tax-to-GDP ratio of just 11%, Pakistan has one of the lowest tax revenues in the world. This is largely due to a narrow tax base, which excludes many sectors and individuals. As a result, those who do pay taxes are burdened with an unfair share of the tax burden, leading many to seek ways to avoid or evade taxes altogether. Another factor contributing to the undocumented economy is the incapacitated banking sector. With comple...
Being a successful lawyer requires a combination of knowledge, skills, and personal qualities. Some key things that can help you succeed in this field include: Pursue a relevant education and training. This typically includes earning a bachelor's degree of law, followed by an LLM degree, both from a law school that is accredited by Pakistan Bar Council (PBC). Pass the Law Gat exam. In order to practice as a lawyer in Pakistan, you must pass the Law Gat exam in the province where you wish to work. This is a challenging test that covers a wide range of legal topics, and many states also require aspiring lawyers to pass a separate ethics exam. Develop expertise in a particular area of law. Successful lawyers often specialize in a particular area of law, such as criminal defense, corporate law, or personal injury. This allows them to become experts in their field and better serve their clients. Build a strong network of contacts. Lawyers often rely on a network of other professionals,...