The Constitution (Eighteenth Amend-ment) Act, 2010, [18th Amendment], became effective on April 19, 2010, brought a major shift in Pakistan’s fiscal and administrative architecture. With principal objective of granting greater…
Economists and academics continually seek innovative tax ideas. Led by international financial institutions (IFIs) and their consultants, the prevailing goal in many studies is to tax everything in sight. A…
Pakistan’s federal budget for FY25 must be seen not as an end, but a critical waypoint on a longer and more arduous journey towards a restructured, resilient and equitable economy.…
WE are now in the advanced stages of a fiscal malfunction that is causing the state in Pakistan to sink deeper into financial and economic non-viability. There is no point…
Pakistan’s federal budget for FY2025–26 reveals more than just fiscal arithmetic. It reflects a shifting economic terrain shaped by IMF oversight, macroeconomic consolidation and the intensifying demands of climate resilience…
Ever wondered why Pakistan’s Economic Survey is released just a day before the federal budget (finance bill) is presented to parliament? If the survey serves as a diagnostic report on…
That Pakistan’s exporters are at a crossroads is a fact. If we are to revive economic momentum and restore our competitive advantage in global trade, there are crucial policy changes…
The economic journey of Pakistan has recently showed a positive transformation, with macroeconomic indicators reflecting a promising outlook. The fiscal performance for the first nine months of the current fiscal…
Despite decades of ‘reforms’, Pakistan has tragically failed to establish a pro-growth, anti-cyclical, and sustainable economic paradigm. This is primarily due to the overreliance on fiscal austerity and a flawed…
The Pakistani government’s decision to raise the petroleum levy to Rs80 per litre – via amendments to the Petroleum Products (Petroleum Levy) Ordinance, 1961 – has dashed public expectations of…
