Candy-coated delusions
After being kicked out by the PDM (Pakistan Democratic Movement) government, former Finance Minister Miftah Ismail’s article in Business Recorder showcases that the PDM government remains completely indifferent to the…
Floods, food & debt crises, and 77th UNGA session
The United Nations General Assembly’s (UNGA’s) 77th Session from September 13-27 comes at a very crucial time for Pakistan, as the country suffers from unprecedented floods, while it was already…
Turning around energy sector
edition, the Business Recorder reported that a 25-member body of experts suggested government through an open letter on energy sector problems and a set of comprehensive solutions. The experts belong to the…
The tax gap
In a recent disclosure, the Chairman Federal Board of Revenue (FBR) admitted that tax gap of Pakistan is Rs 3,000 billion. According to a press report, he said that this…
Global economic players’ dismal policy action
International Monetary Fund (IMF) recently released the July 2022 update of one of its flagship reports ‘World Economic Outlook’ (WEO). The title ‘Gloomy and more uncertain’ of the report for…
The FY23 budget and Fund approval
Pakistani administrations have become adept at presenting an annual budget to parliament with the required detailed documents (with respect to both projected expenditure and revenue), printed at considerable cost to…
A mini-budget or an annexure to budget?
For the first time in Pakistan’s chequered history additional revenue measures were annexed to the budget by a sitting government though the budget announced on 10 June has not yet…
Keeping them poor to keep them alive
A special report in Business Recorder the other day revealed that it might not suffice to cut subsidies to revive the Extended Fund Facility (EFF). The International Monetary Fund (IMF)…
Tax misconceptions
There has been no prime minister during the past three decades who has not blamed poor macroeconomic performance on those who do not pay taxes - tax evaders who are…
PM’s relief package in perspective—I
“It is better to offer no excuse than a bad one” — George Washington Prime Minister of Pakistan, Imran Khan’s address to the nation on February 28, 2022, was nothing…
