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Budget 2014-15: Reforming Sales Tax System – I

Budget 2014-15: Reforming sales tax system – I

Taxation should serve as a catalyst for industrial expansion and economic growth. In Pakistan the ill-directed, illogical, regressive and unfair tax regulations are causing a dampening effect on the industrial…

Budget 2014-15: Challenges Before Chairman FBR

Budget 2014-15: Challenges before Chairman FBR

Our article [FBR: blame game continues, Business Recorder, May 16, 2014] wrongly conveyed that the Chairman of Federal Board of Revenue (FBR), during hearing before the Senate Standing Committee on…

Budget Deficit 2014-15 Revisited

Budget deficit 2014-15 revisited

The collusion between the Pakistani authorities and the IMF staff on accounting gimmickries have come under sharp criticism in recent weeks in national and international print media. Using 'ingenious' accounting…

Budget Deficit For 2014-15

Budget deficit for 2014-15

Questions are being raised in Pakistan about the true health of the economy in general and fiscal health in particular in print and electronic media. Independent economists with strong credentials,…

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…

HEC budget shortfall puts varsities in a fix

Pakistan - a 220 million population’s country with more than 1.8 million undergrad and graduation students enrolled in 135 public sector universities has spent only Rs64 billion ($400 million) on…