It has become impossible to ignore that Pakistan's gravest economic fault lies in its missed tax targets. The Asian Development Bank, in its latest outlook, has kept Pakistan's growth forecast unchanged at 3%, cautioning that weak revenue collection and delays in reforms remain the biggest threats to stability. This stands in stark contrast to the government's own 4.2% projection, which looks more wishful than realistic.

The ADB's warning is neither new nor surprising. The........

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