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Non-tax Revenue

Non-tax revenue

The budget for 2013-14 envisaged 800 million dollars from the auction of 3G licence and another 800 million dollars pending payment from Etisalat for the privatisation of PTCL. Finance Minister…

A Raj Legacy We Could Have Done Without

A Raj legacy we could have done without

The British came and connected us to the modern world. In the 98 years that their Raj lasted over the areas which now constitute the world’s principal Citadel of Islam,…

Stability With Growth

Stability with growth

The stabilisation vs growth debate has been sparked by concerns that Pakistan is entering its sixth year of stagnating incomes and can no longer afford to tread the same path.…

Curse Of Corruption

Curse of corruption

After an inordinate delay Qamar Zaman Chaudhry has been appointed the NAB chairman. A credible bureaucrat with an impeccable record, he has the right CV. The unfortunate controversy about his…

Hike In Domestic Power Tariffs

Hike in domestic power tariffs

Nepra has notified a big increase in domestic power tariffs with effect from the 1st of November 2013. This will mean that tariffs for domestic consumers will have increased since…

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…

Flawed Decisions

Flawed decisions

On October 4, complying with the commitments made to the International Monetary Fund (IMF) under its Extended Fund Facility (EFF), the Cabinet Committee on Privatisation (CCP) approved the privatisation of…

Rupee Woes

Rupee woes

The week ending September 26, was unfortunate for Pakistan's financial services sector because both government and the market players exhibited a reckless, short-sighted profile that is wholly damaging for Pakistan's…

The Balance Of Payments Outlook

The balance of payments outlook

In response to questions by journalists about the costs and benefits of entering into a new loan arrangement with the IMF, the finance minister rightly pointed out that the country…