Pakistan Makes Huge Leaps in International Tax & Inequality Reduction Rankings
Pakistan has moved nine places up to 71st position in the tax ranking of the Oxfam and Development Finance Institution (DFI) report, 2020.
According to the report, the country’s overall ranking on Commitment to Reducing the Inequality Index (CRII) improved by nine, from 137th to 128th in 2020.
Pakistan, however, still rallies among the bottom eleven countries in public spending and services. The country stands at 148th position out of a total of 158 entries.
According to Oxfam’s report, Islamabad’s labor ranking is 116th out of 158.
The report noted that only 26 out of 158 countries were spending recommended 15 percent of their budgets on health before the coronavirus pandemic.
Released before the next World Bank and IMF annual meeting, the Oxfam report revealed that at least one in three workers in 103 countries is deprived of basic labor rights and protections.