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Response To MoF

Response to MoF

This reply to the Ministry of Finance (MoF) is in continuation of the dialogue with the ministry, through Business Recorder, which started with the publication of our open letter to…

Budgetary Outcome In 2015-16

Budgetary outcome in 2015-16

The information on fiscal operations by the federal and provincial governments in 2015-16 has been released recently by the Ministry of Finance (MoF). The budgetary outcome is mixed. On the…

Goodbye To IMF

Goodbye to IMF

Clear indications have come recently both from the Government and the IMF that the present EFF programme will come to an end in September 2016. No new programme will be…

MoF’s Response To IPR Report On IMF

MoF’s response to IPR report on IMF

In its recent report, the Institute of Policy Research, headed by Dr Hafiz Pasha, has attempted to find faults with the description of the economy given by the IMF in…

Misperceptions Of IMF

Misperceptions of IMF

The Executive Board of the IMF must be thanked once again for its very sympathetic eighth quarterly review of Pakistan, as part of the Extended Fund Facility. Two more waivers…

‘Misperceptions Of IMF’: MoF’s Response

‘Misperceptions of IMF’: MoF’s response

Dr Hafeez A Pasha has written an article: "Misperceptions of IMF" published in Business Recorder October 5th 2015. It stated that the executive board of the IMF must be thanked once again…

Monetary Policy Relevant?

Monetary policy relevant?

It was in the beginning of the last PPP government''s five-year term that Nawaz Sharif, a businessman-turned-politician, famously stated that "nobody can do business in an environment which is strongly…

Oppressive Taxes And Unabated Outflows

Oppressive taxes and unabated outflows

In Budget 2014-15, the Federal Board of Revenue (FBR) was assigned target of Rs 2810 billion, which is now reduced to Rs 2691 billion despite levying 22% sales tax on…

State Of The Textile Industry

State of the textile industry

Pakistan's premier industry, textiles, appears to be in trouble. The APTMA has threatened to go on a strike if corrective measures are not taken by the government by the 31st…