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Islamabad
Thursday, January 17, 2019
The presentation of the Federal Budget for any particular year always contains a final chapter in the Budget-in-Brief document on the Medium-term Budgetary Framework (MTBF). This indicates the strategy of the Government in terms of ensuring sustainability of the public finances of the country by setting targets usually over...
Statistics in Pakistan has been more about claims of achievements with political overtones rather than credible data and unfortunately this is yet another area of activity that has not been given due importance by the Khan administration. Pakistan Bureau of Statistics (PBS) came under the administrative control of the Ministry...
In a country where development outlay is cut drastically every year and an indomitable State Oligarchy enjoys unprecedented tax-free perquisites and perks at the expense of taxpayers, what can one expect other than fiscal chaos and double talk about loyalty to state. The self-styled defenders of "national cause" and...
"Wage jihad against the four ills of our country: poverty, illiteracy, injustice, and corruption" was the PM's New Year resolution. Who could disagree? Not even those who look to the skies for a sliver of solid thinking to translate PM's noble intentions into government's actionable plans. The PM's other sound...
In contemporary economics, it is believed that currency devaluation directly translates into enhanced exports. This is not the case as the increase in exports is always a function of the elasticity of the inputs that make up the goods exported. Pakistani currency has devalued enormously but many will plausibly...
Capacity is the ability to contain, absorb, receive or hold. It can exemplify the quantity or people that a container or space can hold e.g. the theater has a seating capacity of 2,000 or a fuel tank may contain 50 litres. It can also be provided without citing a...
In this part of this series of articles on the subject of 'money laundering', the topic of discussion is the status of our financial system to ensure that there is no tax evasion and money laundering. This part will also identify that unlike other civilized societies, in Pakistan, for...
ELDERLY share-cropper Khalil Ahmed Arain was stirring sugarcane juice with a five-foot ladle in a small village of lower Sindh district. He made sure that the slow heating process of the juice should not cross the boiling point. Extra material collected in the form of foam was separated from...
"Did you hear the latest? I mean I am so excited..." "Hang on, what is so exciting! I mean nothing but nothing is happening in this country that can be the cause of excitement. The Prime Minister reckons that because he was elected everything will eventually fall into place...wait, let...
A major economic distortion that has not attracted sufficient attention from analysts is the state of country's bond market, primarily comprising government securities. For nearly 18 months, the market is effectively dysfunctional. Since late 2016, the government started not accepting bids for Pakistan Investment Bonds (PIBs). Even the maturities of...

Opinion

nfc asad

Asad: between rock and a hard place

The beleaguered Finance Minister gets no respite. He is constantly in the line of fire; at times under friendly fire as well. He puts...