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Petroleum And Products: The Economics Behind Taxes

Petroleum and products: The economics behind taxes

It is extremely unfortunate that government after government endorses the seriously flawed tax system in the country irrespective of its commitments when in opposition; and cites higher tax collections as…

The IMF Came A Calling

The IMF came a calling

The International Monetary Fund (IMF) mission chief for Pakistan Harald Finger arrived in Pakistan for the final day of the seventh review and thereafter held a joint press conference with…

Budget Buzz

Budget buzz

By most accounts, this year’s budget is promising to be a bit of a non-event, even though some rather extraordinary things are happening in the run-up. The main reason for…

Will Early Market Closure Help?

Will early market closure help?

Here we go again. As expected, with the arrival of summer, problems related to the provision of electricity have raised their ugly head again. The ever-widening gap between the demand…

LNG Muddle

LNG muddle

The muddle that has been created with the Liquefied Natural Gas (LNG) project reflects both a lack of clear thinking as also clumsy planning and implementation. While much fuss has…

Muddling On

Muddling on

Here’s a suggestion for the petroleum minister: maybe his ministry should offer guided tours of the LNG import terminal that he claims his government built in “record time”. First the…

Armchair Research

Armchair research

Exports are down, the growth of large-scale manufacturing (LSM) has slowed and credit to the private sector has declined during this financial year. We, the armchair economists, are trying to…

Unrealistic Expectations

Unrealistic expectations

The provinces have become the favourite punching bag of Islamabad, donors and commentators alike. They are being chastised for failing to generate adequate resources to fund their constitutional responsibilities to…