19.7 C
Islamabad
Wednesday, November 13, 2019
All through almost four decades of globalization era starting from late 1980s many countries with cheap labour willingly turned into sweat shops for the rich markets and within a decade or two many of these countries, mostly in East Asia, graduated into leading export power houses and half a...
Food prices have been rising rapidly in the last few months. According to the Consumer Price Index (CPI), the inflation rate in food prices was only 1.4 percent in the September 2018. A year later in September 2019 the rate of increase in food prices has spiraled up to...
Large scale manufacturing and real estate as well as other sectors of the economy are showing negative trends primarily because the government's decision to enforce all the measures concurrently. This was stated by a former finance minister who requested not to be named while talking to Business Recorder. He added that...
The incoming winter of 2019 may be heading towards a winter of discontent as opposed to the winter of 2018 when expectations with respect to the newly-installed Khan administration were extremely and, albeit, unrealistically high. Chief of Army Staff Bajwa reportedly informed the country's richest 30 or so businessmen, (including...
Ownership is an important aspect of management of SOEs (state-owned enterprises or public sector companies (PSCs) in the case of Pakistan). In the context of SOEs, state is the ultimate owner, and its ownership policy should clearly identify first of all the rationale behind such ownership. According to OECD (Organisation...
Considering the current state of the national economy and the highly pessimistic economic prospects projected for the current and subsequent years in the short run by various national and multilateral organisations it is indeed a matter of immense satisfaction that the World Bank has listed Pakistan among the top...
As a first stage of micromanagement, Pakistan Institute of Trade and Development (PITAD) needs a complete revamp in its research orientation to act as a data back stop for real time data analysis to monitor competitiveness and export trends at the 4-8 digit level. It should be headed by...
The Asian Development Bank has in its recent publication 'Development Outlook' presented a somewhat sombre picture of the prospects for the economy of Pakistan in 2019-20. The GDP growth rate is projected at 2.8 percent while the inflation rate is expected to average 12 percent during the year. These...
Comparisons between the performance of Asad Umar and Dr Hafeez Sheikh are increasingly being made as economic policies have begun to bite the pocketbooks of Pakistanis - not surprisingly the poor more than the rich. Some factors due to ongoing fiscal and monetary policies have begun to impact on the...
Pakistan devalued its currency by more than 30 percent during Jan’18-Aug’19 and more than 20 percent since January 2019, but its exports have almost remained flat or seen a marginal increase. After signing the IMF agreement, success in partially filling our begging bowl, and compressing imports, complacency has set...

Opinion

TAXATION in tax banking collection

Taxation in trouble

The issue the government made the most noise about in tax collection has hit a snag. While claims about how much money had been...