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Fiscal Sovereignty For Pakistan

Fiscal sovereignty for Pakistan

If the starting point for analysis in the post Hakeemullah Mehsud world is that he was assassinated by the US with malign intent, (and clearly there is plenty of political…

Managing Economic Risk

Managing economic risk

Having entered its sixth month in office, Prime Minister Nawaz Sharif’s government has to deal decisively with a number of urgent economic challenges even as it has taken the necessary…

Our Problem More Tangled Than We Think

Our problem more tangled than we think

We moan about symptoms and peripheral things. We are still not getting to the heart of the matter. Dunces cannot be Salahuddin Ayubis. Traders and bank-loan specialists, nurtured in the…

Local Bodies

Local bodies

It is an established fact that education and participation of citizens in the processes of governance are fundamental to democracy. This participation can be exercised during elections for local to…

FBR’s Lack Of Agility

FBR’s lack of agility

The problem with incompetence is its inability to recognise itself - Orrin Woodward, L.I.F.E. Living Intentionally For Excellence Over the last two decades, Federal Board of Revenue (FBR) has proved…

Luck Running Out

Luck running out

On September 4, 2013, the Government of Pakistan signed its 19th Agreement with the International Monetary Fund (IMF). In 2011, it appeared that Pakistan had bid adieu to the IMF…

Rupee Erosion And Who Benefits

Rupee erosion and who benefits

The pace of the rupee erosion left Pakistanis bewildered with the vast majority of analysts terming it against national interest as well as against the interest of the common man…

Broken Back

Broken back

The World Bank and IMF lureThird World countries into debt traps - extending loans for projects they don't need. Since these countries lack capacity to pay back, lenders demand sale…

FBR’s ‘Year Book 2012-13’

FBR’s ‘Year Book 2012-13’

The Federal Board of Revenue (FBR), in its Year Book 2012-13, issued on September 23, 2013, conceded colossal failure on meeting the assigned target, but as usual blamed it on…

State And Racket

State and racket

Maybe there’s a simple answer to this question, but where does the business community get its clout with the state in Pakistan? What is the source of business power in…