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NFC and fiscal equity

Initiated by the centre and fiercely contested by the provinces, the reallocation of the NFC comes under debate each time the annual budget is due or when a new federal…

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…

The PTA’s obfuscation

X (formerly Twitter) is officially blocked in Pakistan and finally there is proof. On March 20, 2024, the Pakistan Telecommunication Authority (PTA), in response to petitions challenging the restriction on…

No default risk in event of Russian asset confiscation

Countries whose sovereign bonds were purchased by Russia would not be considered in default if Western governments decide to confiscate frozen Russian reserves worth $300 billion, credit rating agencies Moody’s…