Pakistan, July 1 -- He explained that while the process may face initial hurdles, the government has to begin somewhere in order to build a more accountable and stable financial system. Khurram Shehzad emphasized that many developed countries, including the UAE, have already implemented strong tax systems where every citizen contributes. He said Pakistan is now moving in a similar direction and that this shift is necessary for economic growth and fairness.

The adviser also spoke about rising petrol prices and global economic conditions. He pointed out that during the recent Iran-Israel conflict, international crude oil prices surged to nearly $120 per barrel, directly impacting fuel costs in Pakistan. According to Shehzad, even countries...