Covid-19 and the lost GDP
Some folks have complained about the loss of GDP over the last five months and questioned whether the shutdowns have been worth the price. While people often toss around huge…
From GDP growth to CDP growth
Macroeconomic figures are the first impression of a country's development. As they say first impression is the last impression. Not so, in every case. Numbers are crucial for measuring anything…
The rise in tax-to-GDP ratio
The tax-to-GDP ratio combined of taxes collected by the Federal Board of Revenue (FBR) has gone up appreciably over the last four years. It was 8.4% of the GDP in…
Lower GDP growth rate in 2018-19
The economy has been in a state of ‘stagflation’ for over a year now. The GDP growth rate has fallen while there has been a spurt in the rate of…
How RDs hampering GDP growth, exports
The two most frequently used tools by the present government for raising new taxes and enlarging the tax base are regulatory duties on imports and withholding taxes on services. While…
Tax-to-GDP debates
"We have achieved the highest tax-to-GDP ratio and Pakistan's economy has been stabilising due to prudent policies of my government"-Prime Minister Nawaz Sharif purportedly claimed during a meeting with Managing…
Tax-to-GDP debates
"We have achieved the highest tax-to-GDP ratio and Pakistan's economy has been stabilising due to prudent policies of my government"-Prime Minister Nawaz Sharif purportedly claimed during a meeting with Managing…
Fed meets knowing Bernanke successor – but not latest GDP
The US Federal Reserve was to have issued its latest decision on monetary policy Wednesday, hours after the release of third-quarter data on gross domestic product in the world's largest…
Have we got our narrative wrong?: Tax to GDP ratio – II
We are continuously being harangued by donors and external agents with limited knowledge of our economy with epithets like "a nation of tax cheats", "poor revenue collection", 'why should our…
Have we got our narrative wrong?: Tax to GDP ratio
Decades of fund involvement has changed the economic narrative permanently in Pakistan. Before IMF involvement we used to talk of growth and investment; now everyone talks only of tax/GDP ratio…
