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The retail boom

Pakistan posted a much higher-than-expected deficit of $12.1 billion (4% of gross domestic product - GDP) in the previous fiscal year ended June 30, 2017 as against $4.9 billion in…

Between a rock and a hard place

There is debate in the country on whether the four and a quarter year long policy to keep the rupee overvalued will continue because it is no longer sustainable and/or…

Panama case judgement: Dismissal of review petitions

Nawaz Sharif, his offspring, son-in-law, Muhammad Safdar, and father-in-law of younger daughter, Muhammad Ishaq Dar, in multiple review petitions filed against the decisions of Supreme Court of April 20, 2017…

Incentive-package for construction industry

The Prime Minister of Pakistan, Imran Khan, in a Press conference on April 3, 2020, announced what is termed by official quarters as a “comprehensive relief/stimulus package” for the construction…

Revisiting economic impact of coronavirus

In an earlier article on the subject carried by the Business Recorder on 30th March we dwelt on the economic impact of the Coronavirus on Pakistan’s economy consequential to the…

When challenges offer opportunities — II

The PTI government, compelled to borrow more at high interest rate, does not know that billions are lying unpaid with industrial undertakings/employers. Thus the issue is not that of funds…

Covid-19 pandemic, leadership & apathy

In a country of about 210 million people, about 10,000 individuals, prominent in business or profession or holding key positions in state institutions, think they know each and everything and…

Tax bailout for economic revival

According to various Press reports, all businesses in Pakistan, as elsewhere, badly hit by lockdown in the wake of Covid-19 epidemic, are demanding a comprehensive tax bailout claiming that loan…

A simple tax bailout

As mentioned in the last column [Tax bailout for economic revival, Business Recorder, April 17, 2020], all businesses—badly hit by lockdown in the wake of Covid-19 epidemic and due to…

Critical appraisal of SBP report

The State Bank of Pakistan’s (SBP) report for the first half of the current financial year reiterated its unconditional support for the International Monetary Fund (IMF) programme conditions – a…