ISLAMABAD: The Pakistan Economy Watch (PEW) on Tuesday lauded the incumbent government to take a hard way of documentation of the economy to generate resources. The governments in the past have always preferred foreign loans over taxes which has threatened the survival of the country, it said. Pakistan started taking loans for development projects but mismanagement pushed the country to take loans for balance of payments and now loans are being taken to repay old loans, said Dr. Murtaza Mughal, President PEW. He said that the government should take harsh steps against the property sector which has become the heaven of black money. Real estate transactions through cash should be banned and banking transaction should be made mandatory and the same procedure should be adopted in buying and selling cars. Online
