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An Optimal Tax System

An optimal tax system

Tax systems in most developing countries are far from optimal. Indeed, the need for adequate government revenues without excessive borrowing is sometimes in conflict with sound economic fundamentals. Most often…

Khoso’s Tasks

Khoso’s tasks

The Federal Board of Revenue (FBR) is facing huge shortage in revenue collection despite resorting to all sorts of negative tactics and highhandedness, destroying the already fragile economy. The FBR…

On Tax Amnesty

On tax amnesty

Amnesty is a one-time sovereign pardon of punitive legal proceedings offered to a specific class of lawbreakers. Unlike punishment, which is often retributive-cum-reformative, amnesty is reformative in nature, establishing the…

Tax Reform Proposals

Tax reform proposals

Pakistan has one of the lowest tax-to-GDP ratios even amongst the bottom ranked developing nations. The following statistics are indicative of the unexploited potential for additional revenue generation. Whereas there…

Minimum Wage Politics

Minimum wage politics

On May 1, 2012, the then Prime Minister of Pakistan, Yousuf Raza Gilani, announced in front of a charged crowd that the minimum wage in Pakistan was to be raised…

Tax The Rich

Tax the rich

The Human Development Report 2013 just released by the United Nations Development Programme highlights the rise of the Global South, comprising 130 developing countries, as the main drivers of the…

Financial Tsunami

Financial tsunami

Political tsunami, as popularised by Imran Khan, is now well-known in Pakistan. What is not known is ‘financial tsunami’, which has struck Pakistani shores in the last two weeks. This…

Not A Perfect World

Not a perfect world

TheIran-Pakistan pipeline is back in the headlines for all the wrong reasons. Islamabad and Tehran have signed an agreement to press ahead with the project and Tadbir Energy has offered…

Has Reconciliation Been Advanced?

Has reconciliation been advanced?

The trilateral summit hosted in London by Prime Minister David Cameron, judging by the joint statement his office released, has been an outstanding success. Pakistan and Afghanistan have agreed on…

Conflict Economics

Conflict economics

A paranoid style of thinking is entrenching itself in our country, and a bizarre reading of our economic challenges and destiny lies at the root of it. Over the last…