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NFC: call for fiscal reforms

In an analysis of the 7th NFC Award (‘Fiscal realities: A case for NFC reform’, March 20), published on these pages, I showed that provincial governments collect a small fraction…

FY23 budget: need for fiscal reforms

“He who wishes to serve his country must have not only the power to think but the will to act” – Plato The coalition government of Pakistan Democratic Movement (PDM),…

2020: main fiscal challenges

An unusual decline in revenue collection and steep rise in current expenditures caused a deterioration in all major fiscal indicators during FY19. The overall budget deficit during the year stood…

There is no fiscal space left

It is reported in the press that the planning division has surrendered Rs 24 billion from a block allocation for a technical supplementary grant in favor of cabinet division for…

Invigorating Fiscal Management – I

Invigorating fiscal management – I

Since the introduction of the 18th Constitutional Amendment, incorporated in the Constitution of Islamic Republic of Pakistan ["the Constitution"] on April 10, 2010, fiscal management, both at federal and provincial…

Fiscal Reforms Agenda

Fiscal reforms agenda

Taxation, a potent instrument to shape and influence the socio-economic policies of a country, has not received due attention in Pakistan. The foremost objective of a rational tax policy is…

The Monetary And Fiscal Quagmire

The monetary and fiscal quagmire

The Ministry of Finance, State Bank of Pakistan and IMF would like us to believe that fiscal consolidation has taken place, a prudent monetary policy has resulted in sound monetary…

Overcoming Fiscal Deficit

Overcoming fiscal deficit

Pakistan is in serious fiscal difficulties. The politics of sit-ins creating instability is bound to worsen the already pathetic economic situation. In fiscal year 2013-14, the original tax target of…

Why the NFC matters

The ongoing economic downturn in Pakistan necessitates a search for fiscal solutions. While the central government must explore avenues to achieve fiscal stability, it should refrain from retracting the National…