Chairman National Accountability Bureau (NAB) Admiral (retd) Fasih  Bukhari said tax revenues worth billion of rupees could be generated for the national exchequer by plugging loopholes in the system and stemming out corruption.
Addressing a press conference here in Islamabad, he said it is estimated Rs12 billion are siphoned off on daily basis because of corrupt practices while tax revenues worth Rs7 billion are evaded per day.
Issuing a corruption paper, he said Pakistan has tax-to-GDP ratio is at 9 percent which could easily be  18 percent like in rest of the world, adding the country may annually receive 2500 billion rupees in taxes, i.e. Rs7 billion daily.
Not three, there are only two pillars of state now in Pakistan, the Bureau chief said clarifying that a pillar consists of legislators and executives and the other one is judiciary.
The legislators, he added, appoint the executives of their choice and such is happening on both federal and provincial levels.
I have already said three months back that Pakistan is losing huge amount of money to corruption on daily basis, he added.