Published: May 19, 2024, 05:55 IST | Updated: May 19, 2024, 05:55 IST
World Business Watch May 19, 2024, 05:55 IST
Why Pakistan's poor get poorer
In Pakistan, the economic burdens faced by the poorest segments of society starkly contrast with the relative ease experienced by the wealthiest. According to the World Bank, the poorest 10% of Pakistan's population pays a greater share of their income in taxes than the richest 10%. This regressive tax structure exacerbates the already challenging circumstances for the nation’s most vulnerable, amplifying income inequality and deepening economic disparities.