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Budget 2013-14: No will to tax the rich

By just tinkering with tax rates here and there and imposing or enhancing regressive taxes - fixing revenue collection target at Rs 2598 billion for fiscal year 2013-14 - the…

Budget 2013-14: Concluding Speech

Budget 2013-14: Concluding Speech

Alongside is the text of concluding speech delivered by Senator Mohammad Ishaq Dar, Federal Minister for Finance, Revenue, Economic Affairs, Statistics and Privatisation, in the National Assembly on 22nd June…

Budget 2013-14: More Disappointments!

Budget 2013-14: More disappointments!

Why is Dar's budget 2013-14 such a massive disappointment for the general public? If one compares the PML (N) manifesto (whose release was reportedly delayed as the party chief Nawaz…

Budget 2013-14: No Will To Tax The Rich

Budget 2013-14: No will to tax the rich

By just tinkering with tax rates here and there and imposing or enhancing regressive taxes - fixing revenue collection target at Rs 2598 billion for fiscal year 2013-14 - the…

Budget 2013-14

Budget 2013-14

I was not disappointed by the budget 2013-14 - not because it contained any out-of-th-box thinking or indeed any reform measures that would have changed the economy's direction in the…

Unrealistic budget of 2022-23

The budget of 2022-23 has been framed with agreement of the IMF (International Monetary Fund) as part of the ongoing Extended Fund Facility which is expected to continue up to…

Inside the federal education budget

Budget allocations should be read as reflections of the true priority accorded to sectors and programmes. Insufficient budgetary allocations to programmes incur delays, cost overruns and poor /delayed social impact.…

A spendthrift budget

Federal Finance Minister Ishaq Dar presented last Friday his fifth and presumably his and the PML-N government's last federal budget before the next general elections. There is not much to…

Faulty budgeting

The Fed-eral Ministry of Finance (MoF) has set a new record in the last year of the PML-N government. This relates to the extent of deviation of the actual budget…

Runaway budget deficits

The last three years witnessed a steady decline in the consolidated budget deficit during the tenure of the IMF program. The deficit was 6.4% of the GDP in 2012-13, excluding…