Reforms in tax laws – I
National sovereignty and self-dependence is the foremost requirement of our country. We as a nation have to take such steps which may ensure our sustainable development based on the indigenous…
Reformed General Sales Tax
Pakistan is an unfortunate country. Common man is deprived of basic education, medicine, housing, employment and physical security. This is the direct consequence of national spending, for these heads, in…
On Reformed GST and against flood tax
The government has tabled the Reformed GST (RGST) bill in parliament along with some additional taxation measures including the one-time flood tax. The major political parties within and outside the…
Reformed General Sales Tax: State of economy
All these factors revealed that by default, even after 1996 amendments, sales tax remained under a hybrid system where consumption tax was, in principle being collected at a single stage…
Power sector reforms
Russia’s invasion of Ukraine in February 2022 has had a profound effect on global energy markets. Price volatility, supply shortages, security issues, and economic uncertainty have contributed to what the…
IMF has a tough call on Argentina: force major reforms or pull the plug
Argentina and the International Monet-ary Fund share a rocky history spanning seven decades - and it looks as if things could get worse. Just five years ago, Argentina became the…
Gas tariffs and reforms—II
However, some increase in small and medium category tariff will have to be, willy-nilly, done to cover the costs. In Bangladesh, minimum monthly charge is PkRs 1380-1500 per MMBtu for…
Improving tax compliance
The caretaker government has set up a tax reforms taskforce to come up with recommendations to close the ‘tax gap’ due to weak compliance, without requiring any additional tax policy…
Climate-vulnerable nations lead the way on finance reform
When Barbados Prime Minister Mia Mottley laid out a plan to fix the international financial architecture at climate talks last year, she galvanised world leaders on reforms that had languished…
SOEs, fiscal discipline & reforms
Despite a wave of privatization in the last 3 decades, SOEs still contribute significantly to the economic growth of both developed and developing countries (Robinett 2006). For example, SOEs account…
