The power and energy crisis
Pakistan’s power and energy crisis has reached crisis proportions. The power sector’s circular debt of Rs2,377 billion – combined with Rs1,400 billion of the gas sector – and Rs600 billion…
Targeting subsidies
While headlines are dominated by the politics of power, a significant proportion of the country’s population is struggling to put food on the table. And, as an economic catastrophe unfolds,…
Budgetary outcome in 1HFY23
The information on fiscal operations from July to December 2022 of the federal and the provincial governments has recently been released by the federal ministry of finance. The consolidated budget…
The 80/20 rule for maximising foreign exchange earnings
Pakistan’s economy has been facing a number of challenges in recent years, including low growth, high inflation, large fiscal and current account deficits, and declining foreign exchange reserves. Despite various…
Taxation of immovable property
The National Assembly through the Finance Act 2012 amended section 37(5) of the Income Tax Ordinance, 2001 [“the Ordinance”] and for the first time levied capital gains tax (CGT) on…
Giving e-bikes a boost
The government has announced a financing package to promote the sale of e-bikes. These environmentally friendly bikes have the potential to contribute towards achieving environmental objectives, industrial growth and reduction…
LNG market and its challenges — I
Since the beginning of the last few decades, LNG has become an extremely popular source of energy and many countries irrespective of their economic prosperity, they all have been converting…
Faltering exports
The textile exports are faltering since July 2022. They have been growing rapidly for the previous two years, but we have now come to a barrier to further growth. While…
SBP’s newfound realism
The recent meeting of the Monetary Policy Committee (MPC) of the SBP (State Bank of Pakistan) has led to the decision to raise the policy rate by 100 basis points…
Prospects of oil from Russia: much love lost
A delegation led by State Minister for Petroleum Musadik Malik, who wasd accompanied by the officials of Petroleum Ministry and the Pakistan Embassy, held a meeting in Moscow early this…
