Irritants in the National Savings Scheme
According to the State Bank Annual Report 2007-08, Pakistan’s total public debt rose by a whooping 26.9 per cent in that fiscal year.
Charter of national revival
Pakistan needs more than a Charter of Economy. It needs a Charter of National Revival, based on a 4D strategy: Deregulate, Devolve, Deradicalize and Digitize. Deradicalization is a prerequisite to…
Income not consumption taxes: Applying a ‘national income tax’ for a welfare state
‘The fundamental injustice of consumption taxes, relative to income taxes, is that the well-off can postpone them by saving, while the poor pay cash on the nail. “Justice too long…
Private savings, govt dissaving: debt
Savings by an individual/householder or a government have different objectives and constraints and while a healthy savings account maybe a desired goal for a householder yet it is not always…
Domestic and foreign savings: government must cease reliance
National savings rate is an important indicator of an economy’s financial health, and its identity with investment determines how much a country needs to borrow domestically (deficit financing, a highly…
Fed up with shrinking savings, Europeans drain billions from banks
European savers are pulling more of their money from banks, looking for a better deal as lenders resist paying up to hold on to deposits some feel they can currently…
A national consensus agenda
IN today’s polarised and charged political environment the idea of national consensus may seem implausible if not impossible. But that doesn’t detract from its importance as key issues consequential to…
Taxing nation’s savings – but at what cost?
The budget 2022-23 is continuation of a series of budgets for the last several years that have been increasing tax rates and withdrawing exemptions, mostly raising the tax burden on…
A nationally-owned charter of economy
We have been talking about developing a Charter of Economy (CoE) for a long time now but so far we have miserably failed to walk the talk. Last Wednesday, a…
Our savings & taxpaying habits
WE save from our incomes and pay taxes. It is, therefore, important to review the trend in incomes first. According to the latest Household Integrated Economic Survey [HIES] 2018-19, our…
