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Towards TARP-II?

Towards TARP-II?

In the beginning it was tax evasion, and then became rampant corruption and eventually mafias took over, making the FBR irrelevant in most of the sectors-Ali Arshad Hakeem, Chairman FBR.…

Crumbling Tax System

Crumbling tax system

Taxes play a vital role for establishing an egalitarian society, the true fruit of social democracy. Under a representative and responsible government, citizens are taxed according to their ability (at…

Global Offshore Money Maze

Global offshore money maze

All responsible governments in recent years have shown commitment to retrieving looted money by their citizens, but in Pakistan the PPP-led government during its five-year-tenure (2008-2013) acted as the main…

An Interesting Crossroads

An interesting crossroads

The phrase ‘may you live in interesting times’ is a Chinese curse heaped on an enemy. Frederic Coudert quotes an unknown British diplomat in 1936: “No age has been fraught…

Biogas Potential In Pakistan

Biogas potential in Pakistan

For the last five years, Ministry of Petroleum and Natural Resources (MPNR) has been trying to implement a LNG project of a rather small capacity of 400 Billion Cubic Feet…

Tax Reform, Not Aid Please

Tax reform, not aid please

The BBC has reported that a group of British MPs have asked the British “government to withhold extra aid to Pakistan unless the country does more to gather taxes from…

Debt And Fiscal Policy Statements 2012-13

Debt and fiscal policy statements 2012-13

Two important documents, namely, Fiscal Policy Statement and Debt Policy Statement for 2012-13, released on 4th February 2013 by the Debt Policy Co-ordination Office of Ministry of Finance, while expressing…

The Worst Era Ever?

The worst era ever?

The last PPP government is frequently termed as Pakistan’s worst. Some use such assessments to merely lambast the PPP. Others argue that incompetence was so extraordinary that it proves that…