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Cultivating tax awareness

It is common knowledge that efficient collection of taxes is fundamental to the economic stability and growth of any country. However, in Pakistan, the tax collection system has been marred…

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…

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…

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…

Fiscal discipline key to reforms

Before Pakistan can embark on the long and tedious journey of structural reforms, fiscal discipline must be embraced wholeheartedly. Fiscal discipline refers to the practice of governments maintaining sound financial…

The tax challenge

Taxation is the lifeblood of any country's economic system – as the primary source of government revenue for public services, infrastructure, and social welfare. Taxation in Pakistan dates back to…