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PBC: An Appraisal

PBC: an appraisal

The government has launched a new scheme for mobilisation of foreign exchange resources – the ‘Pakistan Banao Certifications (PBC)’ with maturities of three and five years. These certificates can be…

India’s unremitting misadventure

In response to my article published last Saturday, Agha Ghazanfar, former federal secretary of the government of Pakistan and a friend, sent the following note from Oxford, urging me to…

The elephant in the room

Pakistan’s economic performance in 2024 reflects progress in macroeconomic stabilisation but also highlights persistent structural challenges. Amid global GDP growth of 3.0 per cent, Pakistan achieved 2.4 per cent, short…

Private sector engagement

PAKISTAN’S battle against climate change cannot be fought without support from the private sector. The private sector and the government in Pakistan have dramatically different ways of working. Yet, they,…

It’s all about political stability

Perturbed by the ongoing political uncertainty, the trade and industry leaders met and expressed concerns that the rising political uncertainty, deteriorating security situation and high cost of doing business are forcing…

Muffled outrage

THE recent alleged rape case and the events that followed on the campuses of the Punjab Group of Colleges (PBC) across the province underscore two critical issues in the country:…

Lasting economic ties

Pakistan and the US share an intricate history of high and low relations. The US established diplomatic relations with Pakistan on August 15, 1947, making the US one of the…

Taxation in Pakistan: taxing the untaxed elites

Chris Matthews’s famous quote “Paying tax is not a punishment. It’s a responsibility”. Most developed countries with a simple and efficient tax system enjoyed higher GDP growth, investment and employment…

Ending hopium—II

SIFC (Special Investment Facilitation Council) and the last Caretaker Government had taken the elephant steps on fertilizer, HEC and tube-well electricity subsidy, phased closure of BISP (Benazir Income Support Programme)…