Tax on farm income
Although Pakistan has a combined federal and provincial tax-to-GDP ratio of less than 10pc, the income of one segment farmers seems to escape taxation. This causes anger among regular taxpayers,…
Tax revenue target for 2025-26
The process of preparation of the federal and provincial budgets is underway now and the respective budgets will be announced in the earlier part of June 2025. One of the…
Improving national tax culture
The International Monetary Fund has agreed to lower Pakistan’s tax collection target for the ongoing fiscal year from Rs 12.97 trillion to Rs 12.35 trillion, a move that highlights the…
On the path of stabilization
Pakistan’s economy, long buffeted by structural flaws, cyclical shocks and political instability, is presently showing signs of cautious revival following a period of extraordinary difficulty. The currency has regained marginal…
Replacing hopium with reality- Part – III
Pakistan has a talented workforce that can help the country stay on the path to progress. But policymakers keep holding on to hopium, ignoring the stark realities of the country.…
Provincial revenue mobilisation
The previous article had focused on the overall fiscal performance of Provincial governments in the first six months of 2024-25. The objective of this article is to look more closely…
IMF: both a problem and a solution?
The country is currently under the 23rd IMF programme — a US$ 7 billion, 37-month Extended Fund Facility (EFF) arrangement — which has provided critical support to avert external default.…
Fiscal performance of provincial govts
The information on fiscal operations by the four provincial governments in the first half of 2024-25 has been released by the Federal Ministry of Finance. An analysis of the fiscal…
Challenges of corruption and incompetence
Renowned Pakistan-American economist Atif Mian stirred up a debate on Wednesday last by putting up a Twitter poll about the challenges of corruption and incompetence being faced by developing countries…
IMF programme targets: performance
This is an appropriate time to evaluate the initial performance of Pakistan’s economy in the first half of 2024-25, in relation to the IMF programme targets for the year. Any…
