The Punjab Agricultural Income Tax (Amendment) Bill 2024 is a significant legislative initiative aimed at modernizing and broadening the agricultural taxation framework in Punjab the Punjab government has passed the…
One of the key reasons for macroeconomic stability is the decline in commodity prices, driven by both global and domestic factors. However, this trend is taking a toll on the…
PAKISTAN’S inability to generate enough revenue means it invariably finds itself at the mercy of international lenders. Currently, we are signatories to an IMF deal that binds the government to…
This article discusses the issue of availability of food for the poor at affordable prices, economics of agriculture and the misperception about the potential collection of tax on income from…
Pakistan is currently in difficult circumstances, grappling with deindustrialization and widespread unemployment. The country’s inflation rate at 36.4% has forced millions of families into subsistence conditions. Shockingly, 22% of the…
Pakistan will have to develop a unified market linking the farms to retail outlets covering the full supply chain particularly in high-value commodities. Corporate investment and competition in on-farm storage,…
At present, the canal irrigation management system recovers only a quarter of its repair and maintenance costs. In the 1970s, the entire cost was recovered by these water charges called…
Agriculture forms the backbone of Pakistan’s economy as it provides livelihoods to almost two-thirds of the population, food, water, energy security to the country, and three-fourth of export earnings. The…
The continuously declining dismal share of income tax in overall tax collection during the last many years testifies to the lack of judicious balance between direct and indirect taxes, resulting…
Whenever historians will write the history of an abusive, incorrect, absurd and technically incorrect tax imposition anywhere in the world they will censure Pakistan for its ‘presumptive’ and ‘minimum’ tax…
